Sensata Technologies Holding N.V. $ST Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in Sensata Technologies Holding N.V. (NYSE:STFree Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,032 shares of the scientific and technical instruments company’s stock after selling 18,829 shares during the period. Legal & General Group Plc’s holdings in Sensata Technologies were worth $7,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Inscription Capital LLC boosted its stake in Sensata Technologies by 1.4% in the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock valued at $930,000 after acquiring an additional 393 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Sensata Technologies by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock valued at $335,000 after buying an additional 397 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sensata Technologies by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 426 shares during the last quarter. Van Den Berg Management I Inc. raised its holdings in shares of Sensata Technologies by 0.4% in the third quarter. Van Den Berg Management I Inc. now owns 124,548 shares of the scientific and technical instruments company’s stock valued at $3,805,000 after buying an additional 474 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Sensata Technologies by 4.1% in the third quarter. Savant Capital LLC now owns 12,971 shares of the scientific and technical instruments company’s stock valued at $396,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity

In related news, EVP David K. Stott sold 6,335 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This represents a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the transaction, the executive vice president directly owned 72,842 shares of the company’s stock, valued at $2,528,345.82. This represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,728 shares of company stock valued at $486,949 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Sensata Technologies Trading Down 5.3%

NYSE ST opened at $49.86 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 160.83, a P/E/G ratio of 1.52 and a beta of 1.26. Sensata Technologies Holding N.V. has a 52-week low of $26.86 and a 52-week high of $53.89. The firm has a 50-day moving average price of $43.10 and a 200 day moving average price of $37.48. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00.

Sensata Technologies (NYSE:STGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $934.80 million during the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. Equities research analysts expect that Sensata Technologies Holding N.V. will post 3.73 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is currently 154.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. Truist Financial raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $43.00 to $58.00 in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sensata Technologies in a report on Friday, May 29th. UBS Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Sensata Technologies in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average price target of $47.70.

Get Our Latest Analysis on Sensata Technologies

Sensata Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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