1,474 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by RFG Advisory LLC

RFG Advisory LLC bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,474 shares of the electronics maker’s stock, valued at approximately $211,000.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity in the 4th quarter worth $26,000. Armstrong Advisory Group Inc. increased its position in TE Connectivity by 208.3% in the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after buying an additional 245 shares during the period. Hilltop National Bank purchased a new position in shares of TE Connectivity during the 4th quarter valued at about $55,000. Finally, Vestor Capital LLC purchased a new stake in TE Connectivity in the 3rd quarter worth approximately $66,000. 91.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Bank of America upped their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted 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. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $167.00.

TE Connectivity Trading Down 1.1 %

TEL opened at $148.57 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $147.66 and a 200 day moving average of $148.81. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The firm has a market cap of $44.34 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.12 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping 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 analyst estimates of $3.92 billion. During the same quarter in the previous year, the business posted $1.84 EPS. TE Connectivity’s revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that TE Connectivity Ltd. will post 8.1 EPS for the current year.

TE Connectivity announced that its board has approved a stock buyback program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value 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 trade represents a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

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.