Mackenzie Financial Corp Raises Position in Sensata Technologies Holding plc (NYSE:ST)

Mackenzie Financial Corp increased its position in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,217,602 shares of the scientific and technical instruments company's stock after purchasing an additional 17,575 shares during the quarter. Mackenzie Financial Corp owned approximately 0.81% of Sensata Technologies worth $33,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ST. Blue Trust Inc. increased its position in 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 valued at $26,000 after buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Sensata Technologies during the 4th quarter valued at approximately $27,000. Venturi Wealth Management LLC increased its position 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 valued at $56,000 after buying an additional 817 shares in the last quarter. Parkside Financial Bank & Trust increased 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 purchasing an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC increased 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 purchasing an additional 2,325 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director now owns 41,117 shares in the company, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is owned by company insiders.

Sensata Technologies Trading Down 3.3%

NYSE ST traded down $0.88 during trading hours on Friday, hitting $25.98. 279,571 shares of the company were exchanged, compared to its average volume of 1,706,246. The stock has a 50-day moving average price of $22.92 and a 200 day moving average price of $26.79. 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 52 week low of $17.32 and a 52 week high of $42.33. The stock has a market cap of $3.80 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The firm 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 17.54% and a net margin of 3.27%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.85%. Sensata Technologies's dividend payout ratio is currently 59.26%.

Wall Street Analyst Weigh In

ST has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. UBS Group lowered their price objective 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. The Goldman Sachs Group boosted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $34.08.

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.