50,518 Shares in Sensata Technologies Holding plc (NYSE:ST) Bought by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC acquired a new stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,518 shares of the scientific and technical instruments company's stock, valued at approximately $1,384,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Sensata Technologies in the fourth quarter valued at about $48,580,000. Invesco Ltd. lifted its holdings in Sensata Technologies by 19.4% in 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 acquiring an additional 53,034 shares during the period. Prudential Financial Inc. lifted its holdings in Sensata Technologies by 94.7% in 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 acquiring an additional 103,897 shares during the period. Kempner Capital Management Inc. lifted its holdings in Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company's stock valued at $5,728,000 after acquiring an additional 146,449 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sensata Technologies by 1.8% in 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 acquiring an additional 19,233 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sensata Technologies

In related news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction dated 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 transaction, the director now owns 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Sensata Technologies Trading Down 2.9%

Shares of ST stock traded down $0.77 on Friday, reaching $26.09. 1,633,345 shares of the company's stock were exchanged, compared to its average volume of 1,710,387. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $42.33. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3.82 billion, a PE ratio of 31.06, a P/E/G ratio of 1.25 and a beta of 1.02. The company's fifty day simple moving average is $22.89 and its 200 day simple moving average is $26.66.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results 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 return on equity of 17.54% and a net margin of 3.27%. The firm had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same period last year, the company earned $0.89 EPS. Sensata Technologies's quarterly revenue was down 9.5% compared to the same quarter last year. As a group, analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

Analyst Ratings Changes

Several research firms have recently commented on ST. UBS Group decreased their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen cut Sensata Technologies from a "buy" rating to a "hold" rating in a report on Sunday. Oppenheimer cut their price target on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Robert W. Baird cut their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price target on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of "Hold" and an average price target of $34.08.

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.