Norges Bank purchased a new stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,773,000 shares of the scientific and technical instruments company's stock, valued at approximately $48,580,000. Norges Bank owned 1.19% of Sensata Technologies as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Easterly Investment Partners LLC raised its position in Sensata Technologies by 4.4% in the 4th quarter. Easterly Investment Partners LLC now owns 250,323 shares of the scientific and technical instruments company's stock valued at $6,859,000 after buying an additional 10,445 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Sensata Technologies by 11.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 305,212 shares of the scientific and technical instruments company's stock valued at $8,363,000 after purchasing an additional 32,151 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Sensata Technologies by 8.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,433 shares of the scientific and technical instruments company's stock worth $343,000 after purchasing an additional 1,003 shares in the last quarter. Nuance Investments LLC acquired a new position in Sensata Technologies during the fourth quarter worth $6,623,000. Finally, Prudential Financial Inc. grew its position in Sensata Technologies by 94.7% in the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company's stock valued at $5,853,000 after purchasing an additional 103,897 shares in the last quarter. Institutional investors own 99.42% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on ST. Oppenheimer cut their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their target price 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 downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price objective for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. Finally, UBS Group dropped their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and an average price target of $38.00.
Check Out Our Latest Analysis on ST
Sensata Technologies Stock Performance
Shares of NYSE ST traded up $3.16 during trading hours on Wednesday, reaching $20.85. 5,231,447 shares of the stock were exchanged, compared to its average volume of 1,783,035. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.25 and a beta of 1.12. The stock's fifty day simple moving average is $26.31 and its 200 day simple moving average is $29.71. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. Sensata Technologies Holding plc has a 52 week low of $17.12 and a 52 week high of $43.14.
Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current year.
Sensata Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.
Sensata Technologies Company Profile
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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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