Tyler Stone Wealth Management Has $305,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Tyler Stone Wealth Management boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,020 shares of the electronics maker’s stock after buying an additional 205 shares during the quarter. Tyler Stone Wealth Management’s holdings in TE Connectivity were worth $305,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TE Connectivity by 17.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after purchasing an additional 52,824 shares during the last quarter. Russell Investments Group Ltd. lifted its position in TE Connectivity by 25.3% during the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after buying an additional 58,219 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of TE Connectivity by 72.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after buying an additional 135,548 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of TE Connectivity in the 2nd quarter valued at about $15,847,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of TE Connectivity by 5.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 283,128 shares of the electronics maker’s stock valued at $41,117,000 after acquiring an additional 15,052 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $155.03 on Tuesday. The stock has a 50 day simple moving average of $148.01 and a 200 day simple moving average of $148.93. The stock has a market cap of $47.12 billion, a P/E ratio of 15.10, a PEG ratio of 2.11 and a beta of 1.33. TE Connectivity Ltd. has a 1-year low of $124.95 and a 1-year high of $159.98. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

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 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 the consensus estimate of $4 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Research analysts anticipate that TE Connectivity Ltd. will post 8.13 earnings per share for the current year.

TE Connectivity announced that its board has authorized a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TEL. The Goldman Sachs Group decreased their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Wells Fargo & Company cut their price target on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Bank of America lowered their price objective on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com started coverage on TE Connectivity in a report on Friday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.55.

TE Connectivity Company Profile

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.