Price T Rowe Associates Inc. MD Has $214.31 Million Holdings in Sensata Technologies Holding plc (NYSE:ST)

Price T Rowe Associates Inc. MD raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 36.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,821,428 shares of the scientific and technical instruments company's stock after buying an additional 2,088,161 shares during the quarter. Price T Rowe Associates Inc. MD owned 5.23% of Sensata Technologies worth $214,308,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. increased 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 acquiring an additional 820 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC raised its stake in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after purchasing an additional 817 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 purchasing an additional 820 shares during the period. Finally, Headlands Technologies LLC boosted its stake 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 worth $76,000 after buying an additional 2,325 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ST shares. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group dropped their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company started coverage on Sensata Technologies in a research report on Friday. They set an "equal weight" rating and a $20.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Finally, Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $33.33.

Sensata Technologies Stock Performance

Shares of NYSE ST remained flat at $21.37 during trading on Tuesday. 1,085,035 shares of the company's stock were exchanged, compared to its average volume of 1,807,194. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $43.14. The business's 50 day moving average is $24.39 and its 200 day moving average is $28.26. The stock has a market cap of $3.20 billion, a PE ratio of 25.44, a PEG ratio of 1.25 and a beta of 1.12. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

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 net margin of 3.27% and a return on equity of 17.54%. Equities analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 2.25%. Sensata Technologies's dividend payout ratio is currently 57.14%.

About Sensata Technologies

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.