1,840 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,840 shares of the electronics maker’s stock, valued at approximately $278,000.

Several other hedge funds have also recently bought and sold shares of TEL. Wealth Enhancement Advisory Services LLC lifted its holdings in TE Connectivity by 13.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,504 shares of the electronics maker’s stock valued at $4,438,000 after purchasing an additional 3,451 shares during the last quarter. Blue Trust Inc. raised its stake in shares of TE Connectivity by 48.6% in the second quarter. Blue Trust Inc. now owns 700 shares of the electronics maker’s stock valued at $102,000 after acquiring an additional 229 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of TE Connectivity by 2.2% in the 2nd quarter. Gradient Investments LLC now owns 3,602 shares of the electronics maker’s stock worth $542,000 after acquiring an additional 76 shares in the last quarter. Everpar Advisors LLC bought a new stake in TE Connectivity during the 2nd quarter worth approximately $240,000. Finally, Marshall Financial Group LLC acquired a new stake in TE Connectivity during the 2nd quarter valued at $995,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on TEL shares. The Goldman Sachs Group decreased their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company decreased their price objective on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, September 20th. Bank of America dropped their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. HSBC cut shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a research note on Thursday, October 31st. Finally, StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Hold” and a consensus target price of $159.55.

TE Connectivity Trading Down 0.8 %

NYSE TEL opened at $150.09 on Friday. TE Connectivity Ltd. has a 12 month low of $128.52 and a 12 month high of $159.98. The stock has a 50-day simple moving average of $150.10 and a 200 day simple moving average of $149.76. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $44.90 billion, a PE ratio of 14.61, a P/E/G ratio of 2.04 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting analysts’ consensus estimates of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the business posted $1.78 EPS. TE Connectivity’s revenue was up .8% on a year-over-year basis. Research analysts forecast that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.