GRATRY & Co LLC Acquires New Position in TE Connectivity Ltd (TEL)
GRATRY & Co LLC bought a new stake in TE Connectivity Ltd (NYSE:TEL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,390 shares of the electronics maker’s stock, valued at approximately $227,000.
Several other large investors have also made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at $244,000. C M Bidwell & Associates Ltd. increased its stake in shares of TE Connectivity by 14.2% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 8,790 shares of the electronics maker’s stock valued at $835,000 after buying an additional 1,095 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at $340,000. Aperio Group LLC increased its stake in shares of TE Connectivity by 5.3% in the fourth quarter. Aperio Group LLC now owns 161,460 shares of the electronics maker’s stock valued at $15,345,000 after buying an additional 8,176 shares in the last quarter. Finally, Telemus Capital LLC increased its stake in shares of TE Connectivity by 8.0% in the fourth quarter. Telemus Capital LLC now owns 14,863 shares of the electronics maker’s stock valued at $1,413,000 after buying an additional 1,105 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.
In other news, insider Thomas J. Lynch sold 76,183 shares of TE Connectivity stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $103.61, for a total transaction of $7,893,320.63. Following the transaction, the insider now owns 254,715 shares in the company, valued at approximately $26,391,021.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Thomas J. Lynch sold 60,000 shares of TE Connectivity stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $93.05, for a total value of $5,583,000.00. Following the transaction, the chairman now owns 167,336 shares in the company, valued at approximately $15,570,614.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 775,438 shares of company stock worth $75,389,607. Company insiders own 0.70% of the company’s stock.
Shares of TE Connectivity Ltd (NYSE TEL) traded down $0.73 on Monday, reaching $101.45. The company’s stock had a trading volume of 789,430 shares, compared to its average volume of 2,052,121. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.58. TE Connectivity Ltd has a 12-month low of $71.93 and a 12-month high of $108.23. The company has a market capitalization of $35,886.27, a PE ratio of 20.11, a P/E/G ratio of 1.71 and a beta of 1.11.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.15. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned $1.15 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. equities analysts expect that TE Connectivity Ltd will post 5.48 earnings per share for the current fiscal year.
TE Connectivity announced that its Board of Directors has initiated a share buyback plan on Friday, December 8th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
About TE Connectivity
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.
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd (NYSE:TEL).
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.