M&T Bank Corp Invests $397,000 in Sensata Technologies Holding N.V. (NYSE:ST)

M&T Bank Corp purchased a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,353 shares of the scientific and technical instruments company's stock, valued at approximately $397,000.

Several other hedge funds also recently added to or reduced their stakes in ST. Brown Brothers Harriman & Co. purchased a new stake in Sensata Technologies in the fourth quarter worth $27,000. Parallel Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,118 shares during the last quarter. UMB Bank n.a. increased its stake in Sensata Technologies by 110.0% in the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock worth $45,000 after buying an additional 981 shares during the period. First Horizon Advisors Inc. lifted its holdings in 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 valued at $62,000 after buying an additional 1,163 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 valued at $71,000 after buying an additional 2,491 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. 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. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group increased their target price on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Bank of America boosted their price target on Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sensata Technologies presently has an average rating of "Hold" and a consensus target price of $35.50.

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 on Friday, May 23rd. The stock was acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director owned 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.89% of the company's stock.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded up $0.05 during midday trading on Friday, hitting $31.56. The company had a trading volume of 1,212,519 shares, compared to its average volume of 1,651,278. The company has a fifty day simple moving average of $28.59 and a 200 day simple moving average of $26.55. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 1.31 and a beta of 1.13. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $42.29.

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

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Sensata Technologies's dividend payout ratio is currently 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.