Crossmark Global Holdings Inc. grew its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 427.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,595 shares of the electronics maker’s stock after acquiring an additional 75,025 shares during the period. Crossmark Global Holdings Inc.’s holdings in TE Connectivity were worth $8,800,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TEL. AllSquare Wealth Management LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter valued at $113,000. Robecosam AG acquired a new stake in shares of TE Connectivity during the 3rd quarter valued at $155,000. BB&T Investment Services Inc. lifted its position in shares of TE Connectivity by 87.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,038 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 950 shares during the last quarter. Courier Capital LLC acquired a new stake in shares of TE Connectivity during the 4th quarter valued at $207,000. Finally, Armor Investment Advisors LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter valued at $208,000. Institutional investors own 90.07% of the company’s stock.

Shares of TE Connectivity Ltd (TEL) opened at $99.14 on Wednesday. The stock has a market capitalization of $34,840.00, a price-to-earnings ratio of 28.82, a PEG ratio of 1.71 and a beta of 1.11. TE Connectivity Ltd has a 1-year low of $71.93 and a 1-year high of $108.23. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.15. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.39 billion. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. sell-side analysts expect that TE Connectivity Ltd will post 5.48 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has initiated a stock buyback program on Friday, December 8th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the electronics maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

In related news, SVP Eric Resch sold 48,950 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $93.75, for a total transaction of $4,589,062.50. Following the completion of the sale, the senior vice president now directly owns 78,129 shares in the company, valued at $7,324,593.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joseph B. Donahue sold 1,238 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $93.23, for a total value of $115,418.74. Following the sale, the chief operating officer now owns 52,134 shares of the company’s stock, valued at $4,860,452.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 764,702 shares of company stock valued at $74,389,656. 0.70% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on TEL shares. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price objective on shares of TE Connectivity in a research report on Tuesday, October 17th. Cross Research upgraded TE Connectivity from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Royal Bank of Canada restated a “buy” rating and issued a $95.00 target price (up previously from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Zacks Investment Research upgraded TE Connectivity from a “sell” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, November 2nd. Finally, Citigroup increased their target price on TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. TE Connectivity currently has an average rating of “Buy” and a consensus target price of $137.09.

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TE Connectivity Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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