Bank of New York Mellon Corp Lowers Position in Sensata Technologies Holding N.V. (NYSE:ST)

Bank of New York Mellon Corp trimmed its position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,212,175 shares of the scientific and technical instruments company's stock after selling 65,804 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Sensata Technologies worth $29,419,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies during the 4th quarter valued at about $27,000. Parallel Advisors LLC lifted its holdings in Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 1,118 shares during the period. UMB Bank n.a. boosted its position in Sensata Technologies by 110.0% during the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock valued at $45,000 after acquiring an additional 981 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Sensata Technologies by 83.6% during the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock worth $62,000 after acquiring an additional 1,163 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Sensata Technologies by 578.0% during the 1st quarter. GAMMA Investing LLC now owns 2,922 shares of the scientific and technical instruments company's stock worth $71,000 after acquiring an additional 2,491 shares during the period. Institutional investors own 99.42% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew C. Teich purchased 9,925 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $25.19 per share, with a total value of $250,010.75. Following the acquisition, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. The trade was a 31.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company's stock.

Sensata Technologies Stock Up 0.0%

Shares of NYSE ST traded up $0.01 during midday trading on Wednesday, hitting $31.08. The stock had a trading volume of 1,874,936 shares, compared to its average volume of 1,655,576. The business's 50 day moving average is $28.22 and its 200-day moving average is $26.49. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $42.33. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $4.55 billion, a P/E ratio of 38.37, a PEG ratio of 1.37 and a beta of 1.13.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The firm's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, analysts predict that Sensata Technologies Holding N.V. will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is 59.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Sensata Technologies from $26.00 to $30.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Bank of America raised their price objective on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their target price for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, UBS Group lifted their price target on shares of Sensata Technologies from $34.00 to $41.00 and gave the company a "buy" rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.58.

Sensata Technologies 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.