Adage Capital Partners GP L.L.C. Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Adage Capital Partners GP L.L.C. acquired a new stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 582,538 shares of the scientific and technical instruments company's stock, valued at approximately $15,962,000. Adage Capital Partners GP L.L.C. owned 0.39% of Sensata Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ST. Barclays PLC increased its position in Sensata Technologies by 14.9% during the 3rd quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock valued at $2,788,000 after purchasing an additional 10,107 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Sensata Technologies by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock worth $418,000 after buying an additional 403 shares in the last quarter. 272 Capital LP bought a new position in shares of Sensata Technologies during the 3rd quarter worth approximately $292,000. JPMorgan Chase & Co. boosted its holdings in shares of Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after buying an additional 264,334 shares in the last quarter. Finally, Oak Thistle LLC boosted its holdings in shares of Sensata Technologies by 326.8% during the 4th quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company's stock worth $1,617,000 after buying an additional 45,182 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Stock Performance

NYSE ST remained flat at $21.37 on Tuesday. 1,085,035 shares of the company's stock traded hands, compared to its average volume of 1,806,962. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week 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. The company has a market capitalization of $3.20 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The business has a 50-day moving average of $24.39 and a 200-day moving average of $28.26.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. Sensata Technologies's payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ST. The Goldman Sachs Group upgraded Sensata Technologies from a "neutral" rating to a "buy" rating and cut their price target for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Robert W. Baird reduced their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. 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 report on Thursday, February 13th. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and an average price target of $33.33.

Sensata Technologies 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.