Vestmark Advisory Solutions Inc. Buys 6,382 Shares of TE Connectivity Ltd. (NYSE:TEL)

Vestmark Advisory Solutions Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,029 shares of the electronics maker’s stock after acquiring an additional 6,382 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in TE Connectivity were worth $2,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Freestone Capital Holdings LLC increased its stake in shares of TE Connectivity by 1.6% during the 4th quarter. Freestone Capital Holdings LLC now owns 22,970 shares of the electronics maker’s stock worth $3,284,000 after purchasing an additional 353 shares during the last quarter. Lindbrook Capital LLC grew its stake in TE Connectivity by 34.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,244 shares of the electronics maker’s stock valued at $321,000 after buying an additional 579 shares during the last quarter. Aigen Investment Management LP acquired a new position in TE Connectivity in the 4th quarter valued at about $831,000. Proficio Capital Partners LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $5,171,000. Finally, M&T Bank Corp boosted its holdings in TE Connectivity by 61.5% in the 4th quarter. M&T Bank Corp now owns 34,249 shares of the electronics maker’s stock valued at $4,897,000 after purchasing an additional 13,038 shares during the period. 91.43% of the stock is owned by institutional investors.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Trading Down 2.3 %

Shares of NYSE TEL opened at $147.24 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The firm has a 50 day moving average price of $148.18 and a two-hundred day moving average price of $148.77. The stock has a market cap of $43.93 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TEL shares. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Citigroup upped their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial cut their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.00.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.