Price T Rowe Associates Inc. MD Boosts Stake in Sensata Technologies Holding plc (NYSE:ST)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,821,428 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,088,161 shares during the quarter. Price T Rowe Associates Inc. MD owned about 5.23% of Sensata Technologies worth $214,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ST. Blue Trust Inc. grew its position in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Sensata Technologies in the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC increased its stake in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 817 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after buying an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Sensata Technologies by 524.8% in the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company’s stock valued at $76,000 after buying an additional 2,325 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ST has been the topic of a number of analyst reports. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. UBS Group reduced their target price on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Thursday, April 10th. Wells Fargo & Company initiated coverage on shares of Sensata Technologies in a research note on Friday. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.33.

Sensata Technologies Price Performance

ST stock opened at $21.31 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.25 and a beta of 1.12. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $24.56 and a 200-day moving average of $28.45. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, equities analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies’s payout ratio is 57.14%.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.