Cobblestone Capital Advisors LLC NY Has $293,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Cobblestone Capital Advisors LLC NY boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 1,941 shares of the electronics maker’s stock after acquiring an additional 120 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in TE Connectivity were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of TE Connectivity by 209.8% during the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares during the last quarter. Olistico Wealth LLC acquired a new position in TE Connectivity during the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. boosted its position in TE Connectivity by 208.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after buying an additional 150 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of TE Connectivity in the 2nd quarter valued at $35,000. Finally, Wolff Wiese Magana LLC raised its position in shares of TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 245 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.0 %

Shares of NYSE TEL opened at $151.12 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a twelve month low of $128.52 and a twelve month high of $159.98. The company’s fifty day moving average is $149.34 and its 200-day moving average is $149.70. The stock has a market cap of $45.21 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.05 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting the consensus estimate of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts predict that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity announced that its board has initiated a share repurchase program on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on TE Connectivity in a report on Sunday, November 24th. They issued a “buy” rating on the stock. HSBC cut shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target for the company. in a research report on Thursday, October 31st. Hsbc Global Res lowered shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $159.55.

About TE Connectivity

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.