Sensata Technologies Holding N.V. (NYSE:ST) Shares Acquired by Venturi Wealth Management LLC

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 boosted its stake in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 387.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,867 shares of the scientific and technical instruments company's stock after acquiring 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 filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ST. Oak Thistle LLC increased its stake in shares of Sensata Technologies by 103.6% during the first quarter. Oak Thistle LLC now owns 120,112 shares of the scientific and technical instruments company's stock worth $2,915,000 after purchasing an additional 61,105 shares in the last quarter. Choreo LLC purchased a new stake in shares of Sensata Technologies during the first quarter worth about $673,000. Allianz Asset Management GmbH increased its stake in shares of Sensata Technologies by 49.8% during the first quarter. Allianz Asset Management GmbH now owns 502,258 shares of the scientific and technical instruments company's stock worth $12,190,000 after purchasing an additional 166,879 shares in the last quarter. Capital Management Corp VA increased its stake in shares of Sensata Technologies by 31.2% during the first quarter. Capital Management Corp VA now owns 256,373 shares of the scientific and technical instruments company's stock worth $6,222,000 after purchasing an additional 60,988 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its stake in shares of Sensata Technologies by 11.2% during the first quarter. Easterly Investment Partners LLC now owns 278,467 shares of the scientific and technical instruments company's stock worth $6,758,000 after purchasing an additional 28,144 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Wells Fargo & Company boosted their price target on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird lowered their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies presently has a consensus rating of "Hold" and an average target price of $33.73.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of Sensata Technologies stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.

Sensata Technologies Trading Up 0.2%

NYSE ST traded up $0.08 on Monday, reaching $32.83. The stock had a trading volume of 719,784 shares, compared to its average volume of 1,759,236. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average price of $29.18 and a two-hundred day moving average price of $26.72. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $39.46. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 1.37 and a beta of 1.13.

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

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. 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.