Oppenheimer Asset Management Inc. Grows Stock Holdings in Sensata Technologies Holding N.V. (NYSE:ST)

Oppenheimer Asset Management Inc. raised its position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,212 shares of the scientific and technical instruments company's stock after buying an additional 22,177 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of Sensata Technologies worth $4,083,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $27,000. Blue Trust Inc. increased its stake in shares of Sensata Technologies by 1,071.2% during the 4th quarter. Blue Trust Inc. now owns 1,300 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 1,189 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Sensata Technologies by 278.8% during the 1st 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 shares of Sensata Technologies by 110.0% during 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 purchasing an additional 981 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich purchased 9,925 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group raised their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Robert W. Baird cut their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. UBS Group cut their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $34.08.

Sensata Technologies Price Performance

Shares of NYSE ST traded down $0.03 during mid-day trading on Friday, reaching $29.98. 2,305,520 shares of the company were exchanged, compared to its average volume of 1,672,162. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $42.33. 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 market capitalization of $4.39 billion, a PE ratio of 37.01, a PEG ratio of 1.29 and a beta of 1.10. The company's 50 day moving average price is $25.66 and its 200 day moving average price is $26.21.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $878.39 million. During the same period in the previous year, the firm posted $0.89 EPS. The firm's revenue was down 9.5% compared to the same quarter last year. Sell-side analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal 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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's dividend payout ratio is presently 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.