Redstone Repeaters delay is placed as the longest delay, click to make it shorter

What I expected to happen was...:
The Redstone Repeater would show up with the delay set to one when I placed it down.

What actually happened was...:
The delay was set to the 4th setting

Steps to Reproduce:
1. Place a redstone repeater
2. Delay is set to longest delay without clicking to make it longer.
3. ...