KLP Kapitalforvaltning AS acquired a new stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,600 shares of the scientific and technical instruments company's stock, valued at approximately $866,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Sensata Technologies by 1.1% in the third quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company's stock valued at $1,052,000 after acquiring an additional 314 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Sensata Technologies by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock valued at $418,000 after purchasing an additional 403 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Sensata Technologies by 0.9% during the 4th quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company's stock worth $1,200,000 after purchasing an additional 405 shares during the period. Quarry LP increased its position in Sensata Technologies by 61.2% during the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock worth $61,000 after purchasing an additional 651 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Sensata Technologies by 9.4% in the fourth quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company's stock valued at $212,000 after buying an additional 668 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Sensata Technologies Stock Down 7.8 %
ST traded down $1.58 on Friday, reaching $18.68. The company's stock had a trading volume of 4,753,162 shares, compared to its average volume of 1,750,409. Sensata Technologies Holding plc has a 1 year low of $17.51 and a 1 year high of $43.14. The business's 50 day moving average is $27.16 and its 200 day moving average is $30.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20.
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 EPS for the quarter, meeting the consensus estimate 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 forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.
Sensata Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.57%. Sensata Technologies's payout ratio is 57.14%.
Analyst Ratings Changes
ST has been the subject of several research reports. The Goldman Sachs Group decreased their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a research report on Thursday. Oppenheimer cut their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group decreased their target price on Sensata Technologies from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $38.00.
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About Sensata Technologies
(
Free Report)
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.
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