Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,223 shares of the scientific and technical instruments company's stock after selling 18,946 shares during the period. Legal & General Group Plc owned 0.16% of Sensata Technologies worth $6,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the 4th quarter valued at about $27,000. Venturi Wealth Management LLC lifted its holdings in shares of Sensata Technologies by 67.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 817 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after acquiring an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in Sensata Technologies by 524.8% during the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 2,325 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Robert W. Baird cut their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. UBS Group cut their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and lowered their target price for the company from $31.00 to $27.00 in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $34.55.

Sensata Technologies Stock Up 5.4 %

NYSE ST traded up $1.09 during trading on Thursday, reaching $21.21. 177,516 shares of the company's stock traded hands, compared to its average volume of 1,799,727. The company's 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $28.64. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's payout ratio is currently 57.14%.

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.