Bremer Bank National Association Buys Shares of 1,917 TE Connectivity Ltd. (NYSE:TEL)

Bremer Bank National Association bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,917 shares of the electronics maker’s stock, valued at approximately $274,000.

Other institutional investors also recently made changes to their positions in the company. Optas LLC raised its position 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 valued at $268,000 after acquiring an additional 71 shares in the last quarter. OLD National Bancorp IN raised its position in shares of TE Connectivity by 3.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,478 shares of the electronics maker’s stock valued at $374,000 after acquiring an additional 85 shares in the last quarter. Metis Global Partners LLC raised its position in shares of TE Connectivity by 1.0% during the 3rd quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker’s stock valued at $1,475,000 after acquiring an additional 96 shares in the last quarter. Insigneo Advisory Services LLC raised its position in shares of TE Connectivity by 2.4% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,530 shares of the electronics maker’s stock valued at $684,000 after acquiring an additional 108 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of TE Connectivity by 6.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock valued at $295,000 after acquiring an additional 117 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TE Connectivity Trading Up 1.8 %

NYSE:TEL opened at $146.29 on Monday. TE Connectivity Ltd. has a 1 year low of $128.91 and a 1 year high of $159.98. The stock has a market cap of $43.76 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.91 and a beta of 1.32. The business has a fifty day moving average of $147.70 and a 200-day moving average of $148.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61.

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

TE Connectivity declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.