Harvey Investment Co. LLC Sells 10,865 Shares of Sensata Technologies Holding plc (NYSE:ST)

Harvey Investment Co. LLC lowered its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,956 shares of the scientific and technical instruments company's stock after selling 10,865 shares during the period. Harvey Investment Co. LLC owned about 0.05% of Sensata Technologies worth $2,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 820 shares during the period. Quarry LP increased its holdings in Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock worth $61,000 after buying an additional 651 shares during the last quarter. Assetmark Inc. raised its holdings in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company's stock worth $93,000 after acquiring an additional 416 shares during the period. R Squared Ltd bought a new position in shares of Sensata Technologies in the fourth quarter worth about $104,000. Finally, KBC Group NV lifted its holdings in shares of Sensata Technologies by 83.5% during the fourth quarter. KBC Group NV now owns 7,286 shares of the scientific and technical instruments company's stock worth $200,000 after buying an additional 3,315 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Sensata Technologies from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Evercore ISI dropped their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group lowered their price objective on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Truist Financial reduced their price target on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.58.

Sensata Technologies Stock Performance

Shares of ST stock traded down $0.08 during midday trading on Tuesday, hitting $25.73. 1,252,652 shares of the company were exchanged, compared to its average volume of 1,471,294. The firm has a market capitalization of $3.85 billion, a P/E ratio of -47.68, a PEG ratio of 0.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies Holding plc has a 52 week low of $24.91 and a 52 week high of $43.14. The firm's 50 day moving average price is $28.23 and its two-hundred day moving average price is $32.75.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, February 12th. Sensata Technologies's dividend payout ratio is currently -88.89%.

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.