Sensata Technologies Holding N.V. $ST Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Sensata Technologies Holding N.V. (NYSE:ST) by 681.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,932 shares of the scientific and technical instruments company’s stock after acquiring an additional 35,691 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sensata Technologies were worth $1,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership raised its stake in shares of Sensata Technologies by 2.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 14,097,006 shares of the scientific and technical instruments company’s stock valued at $424,461,000 after purchasing an additional 354,246 shares in the last quarter. Norges Bank bought a new position in Sensata Technologies during the 2nd quarter worth approximately $53,385,000. Bank of America Corp DE grew its position in shares of Sensata Technologies by 3.9% in the 2nd quarter. Bank of America Corp DE now owns 1,732,243 shares of the scientific and technical instruments company’s stock worth $52,158,000 after acquiring an additional 64,428 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Sensata Technologies by 20.8% in 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 lifted its stake in Sensata Technologies by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 1,281,353 shares of the scientific and technical instruments company’s stock worth $38,582,000 after purchasing an additional 69,178 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on ST. Evercore ISI set a $32.00 price target on shares of Sensata Technologies in a report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $43.00 target price on shares of Sensata Technologies in a research note on Wednesday, December 17th. Wells Fargo & Company upped their target price on Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Barclays cut their price target on Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Sensata Technologies in a research note 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.10.

Insider Buying and Selling at Sensata Technologies

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

Sensata Technologies Stock Down 1.0%

ST stock opened at $34.58 on Friday. The firm’s 50-day moving average is $34.04 and its two-hundred day moving average is $32.29. The company has a current ratio of 2.91, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -172.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $36.25.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, February 11th. Sensata Technologies’s dividend payout ratio (DPR) is presently -240.00%.

Sensata Technologies Company Profile

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.