Pennsylvania Trust Co increased its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 123,835 shares of the electronics maker’s stock after acquiring an additional 1,643 shares during the quarter. Pennsylvania Trust Co’s holdings in TE Connectivity were worth $11,769,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Atria Investments LLC raised its position in TE Connectivity by 34.3% in the fourth quarter. Atria Investments LLC now owns 3,436 shares of the electronics maker’s stock valued at $327,000 after purchasing an additional 878 shares during the period. Rockland Trust Co. purchased a new stake in TE Connectivity in the fourth quarter valued at $213,000. First Citizens Bank & Trust Co. raised its position in TE Connectivity by 64.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 28,662 shares of the electronics maker’s stock valued at $2,724,000 after purchasing an additional 11,263 shares during the period. Sit Investment Associates Inc. raised its position in TE Connectivity by 69.2% in the fourth quarter. Sit Investment Associates Inc. now owns 141,700 shares of the electronics maker’s stock valued at $13,467,000 after purchasing an additional 57,975 shares during the period. Finally, Atlantic Trust Group LLC raised its position in TE Connectivity by 0.4% in the third quarter. Atlantic Trust Group LLC now owns 178,475 shares of the electronics maker’s stock valued at $14,824,000 after purchasing an additional 690 shares during the period. Hedge funds and other institutional investors own 90.16% of the company’s stock.

In related news, COO Joseph B. Donahue sold 1,238 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $93.23, for a total transaction of $115,418.74. Following the completion of the transaction, the chief operating officer now directly owns 52,134 shares of the company’s stock, valued at approximately $4,860,452.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Lynch sold 130,617 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total value of $11,924,025.93. Following the transaction, the insider now directly owns 429,500 shares of the company’s stock, valued at $39,209,055. The disclosure for this sale can be found here. Insiders sold 705,373 shares of company stock valued at $65,870,755 over the last ninety days. Insiders own 1.49% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research report on Monday. ValuEngine upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus lifted their target price on TE Connectivity from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Morgan Stanley lifted their target price on TE Connectivity from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Cross Research upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $159.31.

Shares of TE Connectivity Ltd (NYSE TEL) opened at $100.17 on Tuesday. TE Connectivity Ltd has a one year low of $68.82 and a one year high of $100.70. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $35,223.50, a price-to-earnings ratio of 21.27, a PEG ratio of 1.74 and a beta of 1.08.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that TE Connectivity Ltd will post 5.27 EPS for the current fiscal year.

TE Connectivity declared that its board has approved a stock buyback program on Friday, December 8th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the electronics maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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TE Connectivity Company 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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