Choreo LLC Invests $673,000 in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Choreo LLC has acquired 27,710 shares of Sensata Technologies Holding N.V., valued at approximately $673,000, in the first quarter of 2023.
• Multiple institutional investors have increased their holdings in Sensata Technologies, with 99.42% of the stock currently owned by hedge funds and other institutions.
• Sensata Technologies recently announced a quarterly dividend of $0.12 per share, reflecting an annualized payout of $0.48 and a dividend yield of 1.46%.

Choreo LLC purchased a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,710 shares of the scientific and technical instruments company's stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ST. Janus Henderson Group PLC lifted its position in shares of Sensata Technologies by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company's stock worth $267,621,000 after buying an additional 44,233 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Sensata Technologies by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after acquiring an additional 2,088,161 shares during the period. Dimensional Fund Advisors LP boosted its position in Sensata Technologies by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock worth $159,143,000 after purchasing an additional 648,028 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Sensata Technologies by 96.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after purchasing an additional 2,587,183 shares during the last quarter. Finally, Eminence Capital LP grew its stake in Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock valued at $118,333,000 after purchasing an additional 870,419 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sensata Technologies

In other news, Director Andrew C. Teich purchased 9,925 shares of the firm'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 completion of the acquisition, the director owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Sensata Technologies Price Performance

ST traded up $0.14 during trading on Monday, reaching $32.89. 1,737,057 shares of the company were exchanged, compared to its average volume of 1,767,070. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $39.46. The company's 50-day moving average is $29.18 and its two-hundred day moving average is $26.72. 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 $4.81 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 1.37 and a beta of 1.13.

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 for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The firm had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. During the same period in the prior year, the business posted $0.89 earnings per share. The company's revenue was down 9.5% on a year-over-year basis. Research analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is presently 59.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ST shares. JPMorgan Chase & Co. lifted their target price on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. UBS Group lifted their price objective on shares of Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Finally, Robert W. Baird decreased their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $33.73.

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.