Oppenheimer Asset Management Inc. Grows Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Oppenheimer Asset Management Inc. boosted its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,488 shares of the scientific and technical instruments company's stock after acquiring an additional 44,401 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.23% of Sensata Technologies worth $12,640,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock worth $173,627,000 after purchasing an additional 658,728 shares during the period. Eminence Capital LP boosted its position in shares of Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock worth $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Sensata Technologies by 13.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company's stock valued at $75,551,000 after purchasing an additional 252,061 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company's stock worth $64,129,000 after acquiring an additional 319,424 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ST shares. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 5th. Bank of America dropped their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, July 30th. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Vertical Research initiated coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $55.00 price target for the company. Finally, The Goldman Sachs Group cut their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.00.

Sensata Technologies Stock Performance

Shares of NYSE ST traded down $0.05 during mid-day trading on Thursday, reaching $32.62. 1,407,199 shares of the company's stock were exchanged, compared to its average volume of 1,850,704. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -61.28, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The firm has a 50-day moving average price of $34.97 and a two-hundred day moving average price of $37.60. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. Sensata Technologies Holding plc has a 52 week low of $31.18 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts' consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The firm had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the business earned $0.91 earnings per share. The company's quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.47%. Sensata Technologies's dividend payout ratio (DPR) is currently -88.89%.

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.