Howland Capital Management LLC Boosts Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Howland Capital Management LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,154 shares of the electronics maker’s stock after purchasing an additional 7,022 shares during the period. TE Connectivity makes up approximately 1.4% of Howland Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Howland Capital Management LLC’s holdings in TE Connectivity were worth $31,189,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TEL. Pinnacle Bancorp Inc. purchased a new position in TE Connectivity during the fourth quarter worth approximately $26,000. Armstrong Advisory Group Inc. raised its stake in TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 150 shares during the period. Wolff Wiese Magana LLC raised its stake 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 purchasing an additional 245 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity in the fourth quarter worth $44,000. Finally, Hilltop National Bank acquired a new stake in shares of TE Connectivity in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TEL shares. StockNews.com raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

TE Connectivity Trading Up 0.3 %

TE Connectivity stock opened at $146.95 on Friday. The firm’s 50-day moving average is $147.05 and its 200-day moving average is $148.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a 1 year low of $137.61 and a 1 year high of $159.98. The company has a market cap of $43.84 billion, a P/E ratio of 23.47, a PEG ratio of 2.01 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its quarterly 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 company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 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% on a year-over-year basis. During the same period last year, the firm posted $1.84 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 7.95 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,925,752.88. The trade was a 13.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is owned by insiders.

TE Connectivity Company 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.