Eminence Capital LP Boosts Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Eminence Capital LP lifted its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,318,718 shares of the scientific and technical instruments company's stock after acquiring an additional 870,419 shares during the period. Sensata Technologies accounts for approximately 1.8% of Eminence Capital LP's portfolio, making the stock its 28th biggest position. Eminence Capital LP owned about 2.89% of Sensata Technologies worth $118,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Sensata Technologies by 738.7% during the 4th 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 during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Sensata Technologies during the fourth quarter valued at about $27,000. Venturi Wealth Management LLC raised its stake in shares of Sensata Technologies by 67.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 817 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Sensata Technologies by 48.2% in the 4th 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 during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Sensata Technologies by 524.8% in the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock worth $76,000 after acquiring an additional 2,325 shares during the last quarter. 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. JPMorgan Chase & Co. cut 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. Wells Fargo & Company started coverage on Sensata Technologies in a research report on Friday, April 25th. They issued an "equal weight" rating and a $20.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird lowered their price objective 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. Finally, Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Sensata Technologies has a consensus rating of "Hold" and a consensus target price of $33.58.

Sensata Technologies Stock Up 9.7%

Shares of ST traded up $2.47 during midday trading on Monday, reaching $28.02. The stock had a trading volume of 1,070,659 shares, compared to its average volume of 1,708,080. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.25 and a beta of 1.02. The company's fifty day simple moving average is $23.19 and its two-hundred day simple moving average is $27.41. Sensata Technologies Holding plc has a 1-year low of $17.32 and a 1-year high of $43.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99.

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

Sensata Technologies Dividend Announcement

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 of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.71%. Sensata Technologies's dividend payout ratio is currently 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.