Venturi Wealth Management LLC Boosts Holdings in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Venturi Wealth Management LLC increased its holdings in Sensata Technologies by 387.0% in Q1, acquiring 7,841 additional shares, bringing its total to 9,867 shares valued at approximately $239,000.
• Institutional investors hold 99.42% of Sensata Technologies' shares, with significant increases from firms like Norges Bank, which acquired $48.58 million in shares, and Crossmark Global Holdings, which increased its stake by 184.8%.
• Sensata Technologies has received mixed analyst ratings, with a consensus of "Hold" and an average price target of $33.73, indicating a cautious outlook despite a reported increase in earnings per share.

Venturi Wealth Management LLC raised its position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 387.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,867 shares of the scientific and technical instruments company's stock after purchasing an additional 7,841 shares during the quarter. Venturi Wealth Management LLC's holdings in Sensata Technologies were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ST. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies in the fourth quarter worth approximately $27,000. Signaturefd LLC increased its stake in Sensata Technologies by 515.5% in the first quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 933 shares during the period. Parallel Advisors LLC increased its stake in Sensata Technologies by 278.8% in the 1st quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 1,118 shares during the period. 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. Finally, First Horizon Advisors Inc. increased its stake in Sensata Technologies by 83.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock worth $62,000 after buying an additional 1,163 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Evercore ISI lowered 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 research note on Thursday, April 3rd. Finally, Wells Fargo & Company raised their price target on Sensata Technologies from $26.00 to $30.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $33.73.

Sensata Technologies Stock Down 2.5%

Shares of ST stock traded down $0.84 during trading hours on Tuesday, reaching $32.10. 270,001 shares of the company's stock were exchanged, compared to its average volume of 1,756,048. Sensata Technologies Holding N.V. has a 1 year low of $17.32 and a 1 year high of $39.46. The stock has a market cap of $4.70 billion, a PE ratio of 39.64, a PEG ratio of 1.37 and a beta of 1.13. The company has a current ratio of 2.64, a quick ratio of 1.81 and a debt-to-equity ratio of 1.12. The stock's fifty day moving average price is $29.30 and its two-hundred day moving average price is $26.76.

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 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. 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 previous year, the firm earned $0.89 EPS. Sensata Technologies's revenue was down 9.5% compared to the same quarter last year. Research analysts predict that Sensata Technologies Holding N.V. will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.48 annualized dividend and a yield of 1.50%. Sensata Technologies's payout ratio is presently 59.26%.

Insiders Place Their Bets

In other news, Director Andrew C. Teich bought 9,925 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the transaction, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company's stock.

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.