IFP Advisors Inc Sells 1,021 Shares of TE Connectivity Ltd. (NYSE:TEL)

IFP Advisors Inc lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 43.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,332 shares of the electronics maker’s stock after selling 1,021 shares during the period. IFP Advisors Inc’s holdings in TE Connectivity were worth $192,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. RWC Asset Management LLP bought a new position in TE Connectivity during the 4th quarter valued at approximately $18,702,000. Waverton Investment Management Ltd increased its position in TE Connectivity by 4.7% during the 4th quarter. Waverton Investment Management Ltd now owns 1,477,981 shares of the electronics maker’s stock valued at $211,373,000 after buying an additional 66,933 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in TE Connectivity by 42.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 4,006 shares of the electronics maker’s stock valued at $573,000 after buying an additional 1,202 shares in the last quarter. Ascent Wealth Partners LLC increased its position in TE Connectivity by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker’s stock valued at $1,231,000 after buying an additional 85 shares in the last quarter. Finally, MONECO Advisors LLC increased its position in TE Connectivity by 33.2% during the 4th quarter. MONECO Advisors LLC now owns 2,570 shares of the electronics maker’s stock valued at $367,000 after buying an additional 641 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

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

Analyst Ratings Changes

TEL has been the subject of a number of analyst reports. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday. Citigroup increased their target price on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Robert W. Baird increased their target price on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Performance

TEL stock opened at $150.60 on Tuesday. The company has a market cap of $44.93 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 1 year low of $137.61 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The stock’s fifty day moving average price is $148.00 and its 200-day moving average price is $148.78.

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

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.