Hillsdale Investment Management Inc. Buys Shares of 33,700 Sensata Technologies Holding N.V. $ST

Hillsdale Investment Management Inc. purchased a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 33,700 shares of the scientific and technical instruments company’s stock, valued at approximately $1,187,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ST. Fifth Third Bancorp boosted its position in shares of Sensata Technologies by 1.0% in the first quarter. Fifth Third Bancorp now owns 27,782 shares of the scientific and technical instruments company’s stock valued at $978,000 after acquiring an additional 268 shares during the period. UMB Bank n.a. increased its holdings in Sensata Technologies by 20.5% during the 4th quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 286 shares during the period. Root Financial Partners LLC increased its holdings in Sensata Technologies by 62.5% during the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 351 shares during the period. Inscription Capital LLC lifted its stake in Sensata Technologies by 1.4% in the 4th quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock worth $930,000 after purchasing an additional 393 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Sensata Technologies by 3.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock worth $335,000 after purchasing an additional 397 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of recent analyst reports. Barclays lowered shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $49.00 to $53.00 in a research report on Friday, May 29th. Truist Financial raised Sensata Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $58.00 in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their target price on Sensata Technologies from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Oppenheimer upped their target price on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group raised their price target on Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.60.

Insider Transactions at Sensata Technologies

In other news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares in the company, valued at approximately $1,881,163.80. This represents a 13.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by company insiders.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $44.68 on Thursday. The company’s fifty day moving average price is $48.11 and its 200-day moving average price is $40.48. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 144.14, a PEG ratio of 1.28 and a beta of 1.27. Sensata Technologies Holding N.V. has a one year low of $28.16 and a one year high of $53.89.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current fiscal year.

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.