John G Ullman & Associates Inc. Reduces Position in TE Connectivity Ltd. (NYSE:TEL)

John G Ullman & Associates Inc. lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,235 shares of the electronics maker’s stock after selling 3,402 shares during the quarter. TE Connectivity comprises about 2.2% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 9th biggest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $15,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TEL. Farther Finance Advisors LLC increased its holdings in shares of TE Connectivity by 20.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker’s stock worth $243,000 after purchasing an additional 278 shares during the period. Optas LLC increased its holdings in shares of TE Connectivity by 4.2% during the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 71 shares during the period. Janney Capital Management LLC increased its holdings in shares of TE Connectivity by 12.9% during the 3rd quarter. Janney Capital Management LLC now owns 2,041 shares of the electronics maker’s stock worth $308,000 after purchasing an additional 233 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of TE Connectivity by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 221,089 shares of the electronics maker’s stock worth $33,382,000 after purchasing an additional 6,666 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in TE Connectivity by 17.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 148,550 shares of the electronics maker’s stock valued at $22,430,000 after acquiring an additional 21,569 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TE Connectivity stock opened at $154.10 on Friday. The stock has a 50-day simple moving average of $147.87 and a 200 day simple moving average of $148.74. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98. The stock has a market capitalization of $45.97 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TEL. Wells Fargo & Company lifted their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Bank of America lifted their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price objective on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $167.00.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity 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.