Wells Fargo & Company MN Decreases Stake in Sensata Technologies Holding plc (NYSE:ST)

Wells Fargo & Company MN trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,074 shares of the scientific and technical instruments company's stock after selling 48,308 shares during the quarter. Wells Fargo & Company MN owned 0.17% of Sensata Technologies worth $6,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ST. Boston Partners lifted its stake in Sensata Technologies by 11.6% during the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company's stock valued at $179,087,000 after acquiring an additional 677,316 shares during the period. Geode Capital Management LLC lifted its position in Sensata Technologies by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company's stock valued at $90,393,000 after purchasing an additional 24,707 shares during the period. Victory Capital Management Inc. boosted its holdings in Sensata Technologies by 5.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company's stock valued at $61,140,000 after purchasing an additional 124,535 shares during the last quarter. Norges Bank acquired a new stake in Sensata Technologies during the 4th quarter worth about $48,580,000. Finally, American Century Companies Inc. raised its stake in shares of Sensata Technologies by 19.0% during the 4th quarter. American Century Companies Inc. now owns 1,189,095 shares of the scientific and technical instruments company's stock valued at $32,581,000 after buying an additional 189,560 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Trading Up 5.4 %

NYSE ST traded up $1.09 during trading on Thursday, hitting $21.21. The stock had a trading volume of 177,516 shares, compared to its average volume of 1,799,727. The company has a market capitalization of $3.17 billion, a PE ratio of 25.20, a PEG ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $43.14. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average price of $24.89 and a 200 day moving average price of $28.64.

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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid 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 2.26%. Sensata Technologies's payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ST. Robert W. Baird decreased their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price 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. The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. UBS Group cut their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $34.55.

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.