Bank of America Corp DE Sells 173,815 Shares of Sensata Technologies Holding plc (NYSE:ST)

Bank of America Corp DE lowered its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,266,336 shares of the scientific and technical instruments company's stock after selling 173,815 shares during the quarter. Bank of America Corp DE owned about 0.85% of Sensata Technologies worth $34,698,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ST. Blue Trust Inc. boosted its position in shares of 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 worth $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Sensata Technologies during the 4th quarter worth $27,000. Venturi Wealth Management LLC raised its stake in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after buying an additional 817 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Sensata Technologies by 48.2% during 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 acquiring an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Sensata Technologies by 524.8% in the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after acquiring an additional 2,325 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

ST has been the topic of a number of research analyst reports. UBS Group dropped their price target on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Oppenheimer lowered their target price 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. The Goldman Sachs Group lifted their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company increased their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sensata Technologies currently has an average rating of "Hold" and an average target price of $34.08.

Sensata Technologies Stock Down 0.1%

ST traded down $0.03 during trading hours on Thursday, hitting $25.54. 146,396 shares of the company's stock were exchanged, compared to its average volume of 1,699,021. 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 1-year low of $17.32 and a 1-year high of $42.60. The stock's 50-day moving average is $23.14 and its two-hundred day moving average is $27.09. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.88%. Sensata Technologies's dividend payout ratio is 59.26%.

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.