Copeland Capital Management LLC Sells 1,719,847 Shares of Sensata Technologies Holding N.V. $ST

Key Points

• Copeland Capital Management sold 1,719,847 shares of Sensata, cutting its stake by 99.6% and leaving it with 7,148 shares worth about $238,000.
• Sensata beat Q results with $0.88 EPS vs. $0.86 expected and revenue of $917.88M vs. $911.03M, and announced a quarterly dividend of $0.12 per share (annualized $0.48, ~1.2% yield).
• Analyst sentiment is mixed—several firms raised targets (Barclays to $48, UBS to $45), but the consensus rating remains Hold with an average target of $40.80.

Copeland Capital Management LLC lessened its position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 99.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,148 shares of the scientific and technical instruments company's stock after selling 1,719,847 shares during the period. Copeland Capital Management LLC's holdings in Sensata Technologies were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Sensata Technologies by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company's stock valued at $335,000 after acquiring an additional 397 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Sensata Technologies by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company's stock valued at $285,000 after purchasing an additional 426 shares in the last quarter. True Wealth Design LLC lifted its stake in Sensata Technologies by 62.6% during the third quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 437 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Sensata Technologies by 6.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,092 shares of the scientific and technical instruments company's stock valued at $217,000 after purchasing an additional 438 shares in the last quarter. Finally, Van Den Berg Management I Inc. boosted its holdings in shares of Sensata Technologies by 0.4% in the 3rd quarter. Van Den Berg Management I Inc. now owns 124,548 shares of the scientific and technical instruments company's stock valued at $3,805,000 after purchasing an additional 474 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $41.74 on Friday. The stock's 50 day moving average is $36.52 and its 200 day moving average is $34.34. Sensata Technologies Holding N.V. has a one year low of $20.57 and a one year high of $42.37. The firm has a market cap of $6.09 billion, a P/E ratio of 219.68, a P/E/G ratio of 1.23 and a beta of 1.14. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.02. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The business had revenue of $917.88 million during the quarter, compared to the consensus estimate of $911.03 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Sensata Technologies Holding N.V. will post 3.65 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Sensata Technologies's dividend payout ratio is 252.63%.

Insiders Place Their Bets

In related news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares of the company's stock, valued at $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 7,889 shares of company stock worth $280,345 over the last ninety days. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of research analyst reports. Barclays boosted their price target on Sensata Technologies from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, April 13th. Truist Financial lifted their target price on Sensata Technologies from $35.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on Sensata Technologies from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Monday, February 23rd. UBS Group increased their target price on shares of Sensata Technologies from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Sensata Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 4th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sensata Technologies currently has an average rating of "Hold" and an average target price of $40.80.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

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