Bridgewater Associates LP Purchases 23,379 Shares of Sensata Technologies Holding plc (NYSE:ST)

Bridgewater Associates LP boosted its position in Sensata Technologies Holding plc (NYSE:ST) by 220.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,965 shares of the scientific and technical instruments company’s stock after acquiring an additional 23,379 shares during the period. Bridgewater Associates LP’s holdings in Sensata Technologies were worth $931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ST. Blue Trust Inc. boosted its stake in Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies in the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC boosted its position in shares of Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after buying an additional 817 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Sensata Technologies by 48.2% during the fourth 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 raised 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 last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

NYSE ST opened at $19.39 on Friday. The company’s 50 day moving average is $25.44 and its 200-day moving average is $28.96. The firm has a market cap of $2.90 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.48%. Sensata Technologies’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ST shares. JPMorgan Chase & Co. reduced their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday. Oppenheimer reduced their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Robert W. Baird cut their target price on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. Finally, 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 report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.55.

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.