Quantinno Capital Management LP Raises Position in Sensata Technologies Holding plc (NYSE:ST)

Quantinno Capital Management LP boosted its position in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 107.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,033 shares of the scientific and technical instruments company's stock after purchasing an additional 48,692 shares during the period. Quantinno Capital Management LP owned about 0.06% of Sensata Technologies worth $2,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its position in Sensata Technologies by 96.8% during the 4th 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 period. Price T Rowe Associates Inc. MD increased its position in Sensata Technologies by 36.4% during the 4th 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 purchasing an additional 2,088,161 shares during the period. Norges Bank acquired a new position in Sensata Technologies during the 4th quarter worth approximately $48,580,000. Eminence Capital LP increased its position in Sensata Technologies by 25.2% during the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock worth $118,333,000 after purchasing an additional 870,419 shares during the period. Finally, Boston Partners increased its position in Sensata Technologies by 11.6% during the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company's stock worth $179,087,000 after purchasing an additional 677,316 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

ST has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company upped their price target on Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. lowered their price target on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen upgraded Sensata Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group lowered their price target on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $34.08.

Sensata Technologies Price Performance

NYSE:ST traded down $0.31 during trading hours on Friday, reaching $25.23. 1,908,088 shares of the company traded hands, compared to its average volume of 1,707,566. The firm's 50-day moving average is $23.04 and its 200-day moving average is $26.99. 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. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies Holding plc has a 1-year low of $17.32 and a 1-year high of $42.60.

Sensata Technologies (NYSE:ST - Get Free Report) last announced 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%. Sensata Technologies's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Equities research analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

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.