Tower Research Capital LLC TRC Grows Holdings in Sensata Technologies Holding plc (NYSE:ST)

Tower Research Capital LLC TRC boosted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 64.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,834 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,257 shares during the period. Tower Research Capital LLC TRC’s holdings in Sensata Technologies were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ST. MetLife Investment Management LLC grew its stake in shares of Sensata Technologies by 8.1% in the fourth quarter. MetLife Investment Management LLC now owns 84,309 shares of the scientific and technical instruments company’s stock worth $2,310,000 after acquiring an additional 6,314 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sensata Technologies by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock valued at $159,143,000 after purchasing an additional 648,028 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Sensata Technologies during the 4th quarter valued at about $521,000. Farringdon Capital Ltd. purchased a new position in Sensata Technologies in the fourth quarter worth about $230,000. Finally, Marshall Wace LLP lifted its stake in shares of Sensata Technologies by 1,022.4% in the fourth quarter. Marshall Wace LLP now owns 291,642 shares of the scientific and technical instruments company’s stock worth $7,991,000 after buying an additional 265,659 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $22.08 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3.30 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The firm’s 50 day moving average price is $23.74 and its 200-day moving average price is $27.97. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve 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 for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Equities research analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $31.00 to $27.00 in a research note on Thursday, April 10th. Wells Fargo & Company began coverage on Sensata Technologies in a report on Friday, April 25th. They set an “equal weight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Finally, Robert W. Baird lowered their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.33.

Sensata Technologies Profile

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.