Guinness Asset Management LTD Makes New $8.10 Million Investment in Sensata Technologies Holding N.V. $ST

Guinness Asset Management LTD purchased a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the third quarter, Holdings Channel reports. The fund purchased 266,560 shares of the scientific and technical instruments company’s stock, valued at approximately $8,103,000.

Several other institutional investors and hedge funds have also modified their holdings of ST. Artisan Partners Limited Partnership increased its position in Sensata Technologies by 2.6% during the second quarter. Artisan Partners Limited Partnership now owns 14,097,006 shares of the scientific and technical instruments company’s stock worth $424,461,000 after buying an additional 354,246 shares during the last quarter. Norges Bank bought a new stake in shares of Sensata Technologies during the 2nd quarter worth about $53,385,000. Bank of America Corp DE increased its holdings in shares of Sensata Technologies by 3.9% during the 2nd quarter. Bank of America Corp DE now owns 1,732,243 shares of the scientific and technical instruments company’s stock valued at $52,158,000 after acquiring an additional 64,428 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Sensata Technologies by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 1,493,683 shares of the scientific and technical instruments company’s stock valued at $44,975,000 after acquiring an additional 257,096 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Sensata Technologies by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,281,353 shares of the scientific and technical instruments company’s stock valued at $38,582,000 after acquiring an additional 69,178 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ST. Wells Fargo & Company upped their target price on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Barclays decreased their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Oppenheimer reiterated an “outperform” rating and issued a $43.00 target price on shares of Sensata Technologies in a report on Wednesday, December 17th. Evercore ISI set a $32.00 price target on shares of Sensata Technologies in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sensata Technologies in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.10.

Insider Transactions at Sensata Technologies

In related news, Director Ali John Mirshekari sold 125,939 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $28.83, for a total transaction of $3,630,821.37. Following the transaction, the director directly owned 142,371 shares in the company, valued at $4,104,555.93. The trade was a 46.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David K. Stott sold 839 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $30.80, for a total value of $25,841.20. Following the completion of the transaction, the executive vice president directly owned 35,444 shares of the company’s stock, valued at approximately $1,091,675.20. This trade represents a 2.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 269,149 shares of company stock valued at $7,776,297 in the last ninety days. 0.89% of the stock is owned by company insiders.

Sensata Technologies Trading Down 1.8%

Shares of ST stock opened at $35.46 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of -177.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. Sensata Technologies Holding N.V. has a 1 year low of $17.32 and a 1 year high of $36.79. The firm’s fifty day simple moving average is $34.37 and its 200 day simple moving average is $32.40. The company has a current ratio of 2.91, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Sensata Technologies’s payout ratio is presently -240.00%.

About Sensata Technologies

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.