Royal Bank of Canada lifted its stake in shares of Sensata Technologies Holding N.V. (NYSE:ST – Free Report) by 37.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,936 shares of the scientific and technical instruments company’s stock after purchasing an additional 29,925 shares during the quarter. Royal Bank of Canada owned about 0.08% of Sensata Technologies worth $3,872,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of ST. CIBC Private Wealth Group LLC raised its position in Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 728 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after acquiring an additional 351 shares in the last quarter. EFG International AG purchased a new stake in shares of Sensata Technologies in the fourth quarter valued at about $33,000. Parallel Advisors LLC increased its stake in shares of Sensata Technologies by 62.7% during the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 413 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Sensata Technologies during the fourth quarter worth about $36,000. 99.42% of the stock is owned by institutional investors and hedge funds.
Sensata Technologies Trading Up 1.8%
Shares of ST stock opened at $46.24 on Friday. Sensata Technologies Holding N.V. has a fifty-two week low of $28.16 and a fifty-two week high of $53.89. The stock has a market cap of $6.73 billion, a P/E ratio of 77.07, a P/E/G ratio of 1.36 and a beta of 1.27. The business has a fifty day simple moving average of $47.05 and a 200-day simple moving average of $42.22. The company has a quick ratio of 1.58, a current ratio of 2.29 and a debt-to-equity ratio of 0.83.
Sensata Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. Sensata Technologies’s payout ratio is presently 80.00%.
Insider Transactions at Sensata Technologies
In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the sale, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.
Analysts Set New Price Targets
ST has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Truist Financial upgraded Sensata Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. UBS Group reissued a “buy” rating and set a $57.00 target price on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price target on Sensata Technologies from $48.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, Bank of America raised their price target on Sensata Technologies from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.10.
Read Our Latest Analysis on Sensata Technologies
About Sensata Technologies
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.
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