Tompkins Financial Corp Has $7.66 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Tompkins Financial Corp grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 87,759.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,594 shares of the electronics maker’s stock after buying an additional 53,533 shares during the quarter. Tompkins Financial Corp’s holdings in TE Connectivity were worth $7,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity during the 4th quarter valued at about $26,000. Armstrong Advisory Group Inc. lifted its holdings in shares of TE Connectivity by 208.3% in 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 in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after buying an additional 245 shares during the last quarter. Hilltop National Bank bought a new stake in TE Connectivity during the fourth quarter worth $55,000. Finally, Vestor Capital LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at $66,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Up 0.1 %

Shares of NYSE TEL opened at $143.64 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The stock has a market capitalization of $42.97 billion, a PE ratio of 13.99, a P/E/G ratio of 1.91 and a beta of 1.32. TE Connectivity Ltd. has a one year low of $128.52 and a one year high of $159.98. The business’s fifty day moving average price is $148.11 and its 200-day moving average price is $148.84.

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

TE Connectivity announced that its board has initiated a stock repurchase program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TEL has been the subject of several recent analyst reports. StockNews.com upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Hsbc Global Res downgraded shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Bank of America reduced their target price on TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their price target on TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.70.

About TE Connectivity

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.