Rhumbline Advisers Sells 15,271 Shares of Sensata Technologies Holding plc (NYSE:ST)

Rhumbline Advisers lowered its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,552 shares of the scientific and technical instruments company's stock after selling 15,271 shares during the quarter. Rhumbline Advisers owned about 0.25% of Sensata Technologies worth $8,969,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Sensata Technologies by 96.8% during the fourth 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 acquiring an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sensata Technologies by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock valued at $214,308,000 after buying an additional 2,088,161 shares in the last quarter. Norges Bank purchased a new position in Sensata Technologies during the 4th quarter worth approximately $48,580,000. Woodline Partners LP grew its position in shares of Sensata Technologies by 65.2% during the fourth quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock worth $62,412,000 after acquiring an additional 898,835 shares during the last quarter. Finally, Eminence Capital LP raised its holdings in shares of Sensata Technologies by 25.2% in the fourth quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock valued at $118,333,000 after buying an additional 870,419 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

ST traded down $0.29 on Thursday, hitting $28.40. The company had a trading volume of 219,415 shares, compared to its average volume of 1,686,759. Sensata Technologies Holding plc has a 1-year low of $17.32 and a 1-year high of $42.33. The company's fifty day moving average price is $23.42 and its 200 day moving average price is $26.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10.

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 for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The company had revenue of $911.26 million during the quarter, compared to analysts' expectations of $878.39 million. During the same period in the prior year, the business earned $0.89 earnings per share. Sensata Technologies's revenue for the quarter was down 9.5% compared to the same quarter last year. Equities analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.69%. Sensata Technologies's dividend payout ratio (DPR) is currently 59.26%.

Wall Street Analyst Weigh In

ST has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird decreased their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, The Goldman Sachs Group lifted their target price 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. One 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 stock presently has a consensus rating of "Hold" and an average price target of $34.08.

Insiders Place Their Bets

In other news, Director Andrew C. Teich purchased 9,925 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.89% of the company's stock.

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.