Sterling Capital Management LLC Cuts Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Sterling Capital Management LLC reduced its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 53.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,742 shares of the scientific and technical instruments company's stock after selling 126,369 shares during the quarter. Sterling Capital Management LLC owned 0.07% of Sensata Technologies worth $3,007,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ST. Tidal Investments LLC grew its position in Sensata Technologies by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company's stock worth $1,052,000 after acquiring an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Sensata Technologies by 3.7% during 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 purchasing an additional 403 shares during the period. Arizona State Retirement System grew its holdings in shares of Sensata Technologies by 0.9% in 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 purchasing an additional 405 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Sensata Technologies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company's stock worth $1,800,000 after buying an additional 420 shares during the period. Finally, Cullen Capital Management LLC raised its holdings in Sensata Technologies by 1.9% during the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock valued at $852,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and cut their price target for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday. UBS Group reduced their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Oppenheimer dropped their price target on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $34.55.

Sensata Technologies Stock Up 1.2 %

Shares of Sensata Technologies stock traded up $0.22 during trading on Friday, hitting $19.39. The company's stock had a trading volume of 1,564,889 shares, compared to its average volume of 1,799,796. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a fifty day simple moving average of $25.57 and a two-hundred day simple moving average of $29.07. The company has a market capitalization of $2.90 billion, a PE ratio of 23.08, a P/E/G ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Equities research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

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 dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. Sensata Technologies's payout ratio is presently 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.