Lifeworks Advisors LLC Decreases Position in TE Connectivity Ltd. (NYSE:TEL)

Lifeworks Advisors LLC reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 74.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,036 shares of the electronics maker’s stock after selling 11,996 shares during the period. Lifeworks Advisors LLC’s holdings in TE Connectivity were worth $577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of TE Connectivity in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. boosted its stake in TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 107 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $44,000. Hilltop National Bank acquired a new stake in shares of TE Connectivity during the fourth quarter worth about $55,000. Finally, Deseret Mutual Benefit Administrators purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 2.4 %

NYSE TEL opened at $150.90 on Friday. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The firm has a 50-day moving average price of $148.30 and a 200 day moving average price of $148.77. The stock has a market capitalization of $45.02 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $1.84 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on TEL. Citigroup lifted their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. 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 report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective 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. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $167.00.

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.