NBT Bank N A NY Takes $764,000 Position in TE Connectivity Ltd. (NYSE:TEL)

NBT Bank N A NY bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,346 shares of the electronics maker’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TEL. Concurrent Investment Advisors LLC grew its position in shares of TE Connectivity by 6.4% in the third quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 117 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of TE Connectivity in the third quarter valued at approximately $213,000. Assetmark Inc. boosted its stake in shares of TE Connectivity by 11.9% in the third quarter. Assetmark Inc. now owns 2,266 shares of the electronics maker’s stock valued at $342,000 after buying an additional 241 shares during the period. Lindbrook Capital LLC boosted its stake in shares of TE Connectivity by 160.6% in the third quarter. Lindbrook Capital LLC now owns 1,665 shares of the electronics maker’s stock valued at $251,000 after buying an additional 1,026 shares during the period. Finally, Tyler Stone Wealth Management boosted its stake in shares of TE Connectivity by 11.3% in the third quarter. Tyler Stone Wealth Management now owns 2,020 shares of the electronics maker’s stock valued at $305,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of several recent research reports. Truist Financial cut their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Citigroup boosted their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and an average price target of $167.00.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction on 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 transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 1.7 %

Shares of TEL opened at $148.25 on Tuesday. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The stock has a market capitalization of $44.23 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a fifty day moving average of $148.41 and a 200-day moving average of $148.72.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 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 company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company earned $1.84 EPS. TE Connectivity’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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.