Nations Financial Group Inc. IA ADV Acquires 1,089 Shares of TE Connectivity Ltd. (NYSE:TEL)

Nations Financial Group Inc. IA ADV boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 15.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,356 shares of the electronics maker’s stock after buying an additional 1,089 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in TE Connectivity were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 128 shares during the last quarter. Olistico Wealth LLC acquired a new stake in shares of TE Connectivity during the second quarter worth $30,000. Armstrong Advisory Group Inc. lifted its holdings in TE Connectivity by 208.3% in the third 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 period. Bank & Trust Co bought a new stake in TE Connectivity during the second quarter valued at $35,000. Finally, Wolff Wiese Magana LLC grew its holdings in TE Connectivity by 2,450.0% during the 3rd 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 period. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TEL shares. Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Hsbc Global Res lowered shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. Vertical Research initiated coverage on shares of TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group cut 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 report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $159.55.

TE Connectivity Stock Down 1.1 %

Shares of NYSE:TEL opened at $153.37 on Wednesday. The business’s 50 day moving average is $148.04 and its 200 day moving average is $149.04. TE Connectivity Ltd. has a 12-month low of $124.95 and a 12-month high of $159.98. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 2.11 and a beta of 1.33. 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 (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.95. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 8.13 earnings per share for the current fiscal year.

TE Connectivity announced that its Board of Directors has approved a share buyback plan 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 plans are typically a sign that the company’s management 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.