Woodline Partners LP Purchases 898,835 Shares of Sensata Technologies Holding plc (NYSE:ST)

Woodline Partners LP grew its position in Sensata Technologies Holding plc (NYSE:ST) by 65.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,277,826 shares of the scientific and technical instruments company’s stock after purchasing an additional 898,835 shares during the period. Woodline Partners LP owned approximately 1.52% of Sensata Technologies worth $62,412,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $48,580,000. Invesco Ltd. raised its stake in shares of Sensata Technologies by 19.4% during the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock worth $8,937,000 after purchasing an additional 53,034 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Sensata Technologies by 94.7% during the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock worth $5,853,000 after purchasing an additional 103,897 shares in the last quarter. Kempner Capital Management Inc. raised its stake in shares of Sensata Technologies by 233.9% during the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after purchasing an additional 146,449 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sensata Technologies by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock worth $29,059,000 after purchasing an additional 19,233 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ST shares. Wells Fargo & Company upped their price objective on Sensata Technologies from $23.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group dropped their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group upped their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $34.08.

Sensata Technologies Trading Down 1.7%

ST stock opened at $26.70 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The company has a fifty day moving average price of $23.16 and a two-hundred day moving average price of $27.10. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $42.96. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST) last announced its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to analysts’ expectations of $878.39 million. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sensata Technologies’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. Equities analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. Sensata Technologies’s payout ratio is presently 59.26%.

Sensata Technologies Company 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.