Compass Wealth Management LLC Raises Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Compass Wealth Management LLC raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 124.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,206 shares of the electronics maker’s stock after purchasing an additional 17,869 shares during the quarter. Compass Wealth Management LLC’s holdings in TE Connectivity were worth $4,604,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in TE Connectivity in the fourth quarter valued at $26,000. Armstrong Advisory Group Inc. boosted its stake 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 worth $34,000 after buying an additional 150 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 245 shares during the period. Hilltop National Bank purchased a new position in TE Connectivity during the fourth quarter valued at approximately $55,000. Finally, Vestor Capital LLC acquired a new position in TE Connectivity in the third quarter valued at approximately $66,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Down 1.5 %

Shares of TEL opened at $154.64 on Friday. The stock has a 50 day moving average price of $147.62 and a 200 day moving average price of $148.88. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.68. The stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.12 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3,916,310.63 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 8.1 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has authorized a stock buyback 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 purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TEL shares. The Goldman Sachs Group cut their target price on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird upped their price target on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup raised their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average target price of $165.00.

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.