Reinhart Partners LLC. Raises Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Reinhart Partners LLC. grew its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,015 shares of the scientific and technical instruments company's stock after acquiring an additional 86,074 shares during the period. Reinhart Partners LLC. owned about 0.19% of Sensata Technologies worth $7,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Sensata Technologies during the fourth quarter valued at about $48,580,000. Invesco Ltd. increased its position in shares of Sensata Technologies by 19.4% during the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock valued at $8,937,000 after buying an additional 53,034 shares during the period. Prudential Financial Inc. increased its position in shares of Sensata Technologies by 94.7% during the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company's stock valued at $5,853,000 after buying an additional 103,897 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Sensata Technologies by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company's stock valued at $29,059,000 after buying an additional 19,233 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Sensata Technologies by 11.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 305,212 shares of the scientific and technical instruments company's stock valued at $8,363,000 after buying an additional 32,151 shares during the period. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ST has been the topic of a number of recent research reports. 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. Wells Fargo & Company upped their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen cut shares of Sensata Technologies from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group increased their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $34.08.

Insiders Place Their Bets

In other news, Director Andrew C. Teich acquired 9,925 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the transaction, the director now directly owns 41,117 shares of the company's stock, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Sensata Technologies Stock Performance

Sensata Technologies stock traded up $0.52 during midday trading on Friday, reaching $27.03. 1,093,787 shares of the company traded hands, compared to its average volume of 1,689,493. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. The business has a 50 day moving average of $23.00 and a two-hundred day moving average of $26.53. Sensata Technologies Holding plc has a 12 month low of $17.32 and a 12 month high of $42.33. 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 (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The company had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.78%. Sensata Technologies's payout ratio is presently 59.26%.

Sensata Technologies Company 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.