Man Group plc Buys 182,276 Shares of Sensata Technologies Holding plc (NYSE:ST)

Man Group plc increased its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 331.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,282 shares of the scientific and technical instruments company's stock after acquiring an additional 182,276 shares during the quarter. Man Group plc owned 0.16% of Sensata Technologies worth $6,502,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ST. Arizona State Retirement System increased its stake in Sensata Technologies by 0.9% during the 4th quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company's stock valued at $1,200,000 after purchasing an additional 405 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Sensata Technologies by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company's stock valued at $1,800,000 after purchasing an additional 420 shares in the last quarter. Cullen Capital Management LLC increased its stake in Sensata Technologies by 1.9% during the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock valued at $852,000 after purchasing an additional 590 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Sensata Technologies by 9.4% during the 4th quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company's stock valued at $212,000 after purchasing an additional 668 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in Sensata Technologies by 4.6% during the 4th quarter. Hanson & Doremus Investment Management now owns 15,669 shares of the scientific and technical instruments company's stock valued at $429,000 after purchasing an additional 696 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ST. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price target on shares of Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price objective for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Finally, Robert W. Baird cut their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.08.

Sensata Technologies Stock Performance

Shares of NYSE:ST traded down $0.31 during midday trading on Friday, reaching $25.23. The company had a trading volume of 1,908,088 shares, compared to its average volume of 1,707,566. The company's 50 day moving average price is $23.04 and its 200 day moving average price is $26.99. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock has a market cap of $3.69 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a 52-week low of $17.32 and a 52-week high of $42.60.

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

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

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.