Prudential Financial Inc. raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 94.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,624 shares of the scientific and technical instruments company's stock after purchasing an additional 103,897 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Sensata Technologies worth $5,853,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Sensata Technologies by 1.1% during the third quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company's stock worth $1,052,000 after purchasing an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its stake in Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock valued at $418,000 after buying an additional 403 shares in the last quarter. Arizona State Retirement System raised its stake in Sensata Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company's stock worth $1,200,000 after acquiring an additional 405 shares in the last quarter. Quarry LP boosted its stake in shares of Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock valued at $61,000 after purchasing an additional 651 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Sensata Technologies by 9.4% during the 4th quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company's stock valued at $212,000 after purchasing an additional 668 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.
Sensata Technologies Stock Down 7.8 %
ST stock traded down $1.58 during mid-day trading on Friday, reaching $18.68. 4,753,162 shares of the company traded hands, compared to its average volume of 1,746,558. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a fifty-two week low of $17.52 and a fifty-two week high of $43.14. The firm's 50 day moving average price is $27.16 and its 200 day moving average price is $30.28.
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, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, equities research analysts predict 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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's payout ratio is currently 57.14%.
Analysts Set New Price Targets
A number of analysts have weighed in on ST shares. The Goldman Sachs Group decreased their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $40.00 to $27.00 in a report on Thursday. UBS Group cut their price target on Sensata Technologies from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, Oppenheimer cut their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sensata Technologies presently has a consensus rating of "Hold" and a consensus price target of $38.00.
Check Out Our Latest Stock Analysis on Sensata Technologies
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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