Radnor Capital Management LLC Sells 150 Shares of TE Connectivity Ltd. (NYSE:TEL)

Radnor Capital Management LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,524 shares of the electronics maker’s stock after selling 150 shares during the quarter. Radnor Capital Management LLC’s holdings in TE Connectivity were worth $230,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in TE Connectivity by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after purchasing an additional 58,219 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in TE Connectivity by 17.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after purchasing an additional 52,824 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in TE Connectivity by 72.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock valued at $46,537,000 after purchasing an additional 135,548 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in TE Connectivity during the second quarter valued at $15,847,000. Finally, Headlands Technologies LLC raised its stake in shares of TE Connectivity by 2,037.3% in the first quarter. Headlands Technologies LLC now owns 3,612 shares of the electronics maker’s stock valued at $525,000 after acquiring an additional 3,443 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.3 %

Shares of TEL opened at $155.20 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.04 and a beta of 1.33. The company has a 50-day moving average of $147.90 and a 200 day moving average of $148.71. TE Connectivity Ltd. has a 1-year low of $123.79 and a 1-year high of $159.98.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity declared that its board has approved a share repurchase plan on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of TE Connectivity in a report on Friday. They issued a “buy” rating for the company. Truist Financial raised their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Hsbc Global Res lowered shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. The Goldman Sachs Group lowered their target price on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Bank of America lowered their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $159.55.

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.