Cypress Capital Group Invests $738,000 in TE Connectivity Ltd. (NYSE:TEL)

Cypress Capital Group purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,162 shares of the electronics maker’s stock, valued at approximately $738,000.

Several other hedge funds have also made changes to their positions in TEL. Victory Capital Management Inc. raised its holdings in TE Connectivity by 6.2% in the fourth quarter. Victory Capital Management Inc. now owns 155,903 shares of the electronics maker’s stock valued at $22,289,000 after acquiring an additional 9,093 shares in the last quarter. Keybank National Association OH raised its holdings in TE Connectivity by 4.1% in the fourth quarter. Keybank National Association OH now owns 7,181 shares of the electronics maker’s stock valued at $1,027,000 after acquiring an additional 286 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in TE Connectivity by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,794,603 shares of the electronics maker’s stock valued at $256,574,000 after acquiring an additional 32,504 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in TE Connectivity by 14.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 841 shares in the last quarter. Finally, Plato Investment Management Ltd raised its holdings in TE Connectivity by 1.8% in the fourth quarter. Plato Investment Management Ltd now owns 12,318 shares of the electronics maker’s stock valued at $1,768,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.00.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now directly owns 25,976 shares in the company, valued at approximately $3,925,752.88. The trade was a 13.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $150.95 on Thursday. The firm’s fifty day moving average price is $148.17 and its 200 day moving average price is $148.78. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm posted $1.84 EPS. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current 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.