TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,927 shares of the electronics maker’s stock after selling 1,196 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TE Connectivity were worth $11,571,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TEL. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity in the 4th quarter worth about $26,000. Armstrong Advisory Group Inc. grew its holdings in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of 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 purchasing an additional 245 shares during the period. Hilltop National Bank acquired a new position in TE Connectivity during the 4th quarter valued at approximately $55,000. Finally, Vestor Capital LLC bought a new stake in shares of TE Connectivity during the third quarter valued at approximately $66,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 1.8 %

Shares of TEL opened at $146.29 on Tuesday. TE Connectivity Ltd. has a 52 week low of $128.91 and a 52 week high of $159.98. The firm has a market capitalization of $43.76 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.98 and a beta of 1.32. The company has a 50-day simple moving average of $147.70 and a 200-day simple moving average of $148.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. TE Connectivity’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent analyst reports. HSBC downgraded TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price on the stock. in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price target on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Bank of America lowered their target price on TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Hsbc Global Res cut TE Connectivity from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.70.

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.