Sensata Technologies Holding plc (NYSE:ST) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 36.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,821,428 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,088,161 shares during the period. Price T Rowe Associates Inc. MD owned 0.05% of Sensata Technologies worth $214,308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ST. Boston Partners raised its stake in shares of Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after purchasing an additional 677,316 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sensata Technologies by 12.6% in 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 acquiring an additional 648,028 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Sensata Technologies by 5.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company’s stock worth $61,140,000 after buying an additional 124,535 shares in the last quarter. Norges Bank bought a new stake in shares of Sensata Technologies during the 4th quarter worth $48,580,000. Finally, American Century Companies Inc. lifted its holdings in shares of Sensata Technologies by 19.0% during the fourth quarter. American Century Companies Inc. now owns 1,189,095 shares of the scientific and technical instruments company’s stock valued at $32,581,000 after purchasing an additional 189,560 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

ST has been the topic of a number of analyst reports. UBS Group dropped their price target 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. Wells Fargo & Company assumed coverage on Sensata Technologies in a research note on Friday. They set an “equal weight” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Oppenheimer lowered their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.33.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $21.31 on Friday. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $43.14. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $24.56 and a 200 day simple moving average of $28.45. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data 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 net margin of 3.27% and a return on equity of 17.54%. Sell-side analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is currently 57.14%.

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.