Boston Common Asset Management LLC Has $3.80 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Boston Common Asset Management LLC trimmed its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 22.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,584 shares of the electronics maker’s stock after selling 7,803 shares during the period. Boston Common Asset Management LLC’s holdings in TE Connectivity were worth $3,801,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TEL. Citizens Financial Group Inc. RI bought a new stake in shares of TE Connectivity during the second quarter worth approximately $203,000. Mercer Global Advisors Inc. ADV raised its stake in shares of TE Connectivity by 10.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 77,342 shares of the electronics maker’s stock worth $12,222,000 after buying an additional 7,113 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of TE Connectivity by 15.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,234 shares of the electronics maker’s stock worth $787,000 after buying an additional 717 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of TE Connectivity by 23.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,931 shares of the electronics maker’s stock worth $4,001,000 after buying an additional 5,047 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in shares of TE Connectivity by 44.5% during the second quarter. XTX Topco Ltd now owns 5,206 shares of the electronics maker’s stock worth $783,000 after buying an additional 1,604 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the subject of a number of recent research reports. Hsbc Global Res downgraded shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price target on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wells Fargo & Company lowered their target price on shares of TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. StockNews.com raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Bank of America lowered 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $160.70.

TE Connectivity Stock Up 1.8 %

Shares of TEL stock opened at $146.29 on Friday. The firm has a fifty day moving average of $147.88 and a 200-day moving average of $148.81. 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 Ltd. has a 12-month low of $128.91 and a 12-month high of $159.98. The company has a market capitalization of $43.76 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.91 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.14 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has approved a stock buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to reacquire 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.

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.