John G Ullman & Associates Inc. Sells 3,402 Shares of TE Connectivity Ltd. (NYSE:TEL)

John G Ullman & Associates Inc. decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,235 shares of the electronics maker’s stock after selling 3,402 shares during the quarter. TE Connectivity accounts for about 2.2% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 9th largest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $15,045,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in TE Connectivity by 4.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 243,274 shares of the electronics maker’s stock worth $36,732,000 after buying an additional 9,670 shares during the last quarter. Glenmede Trust Co. NA grew its position in TE Connectivity by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 194,264 shares of the electronics maker’s stock worth $29,322,000 after purchasing an additional 23,755 shares in the last quarter. Venturi Wealth Management LLC grew its position in TE Connectivity by 1,632.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 6,547 shares of the electronics maker’s stock worth $989,000 after purchasing an additional 6,169 shares in the last quarter. Waverton Investment Management Ltd grew its position in TE Connectivity by 8.2% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,411,048 shares of the electronics maker’s stock worth $213,089,000 after purchasing an additional 106,688 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in TE Connectivity during the 4th quarter worth approximately $2,920,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TEL shares. StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday. Truist Financial lowered their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird lifted 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. Bank of America lifted their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Hold” and an average target price of $167.00.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction 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 in the company, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 1.5 %

TEL stock opened at $154.10 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 1 year low of $137.61 and a 1 year high of $159.98. The company has a fifty day simple moving average of $147.87 and a 200 day simple moving average of $148.74. The firm has a market cap of $45.97 billion, a PE ratio of 24.62, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $1.84 EPS. TE Connectivity’s quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

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.