Wealthedge Investment Advisors LLC Invests $1.38 Million in Sensata Technologies Holding plc (NYSE:ST)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies during the fourth quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after purchasing an additional 817 shares during the period. Parkside Financial Bank & Trust increased its holdings in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Sensata Technologies by 524.8% in the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 2,325 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ST. Wall Street Zen upgraded shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Robert W. Baird decreased their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Oppenheimer decreased their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, UBS Group cut their target price on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and an average price target of $34.08.

Insider Buying and Selling

In other Sensata Technologies 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 acquired at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the acquisition, the director now directly owns 41,117 shares of the company's stock, valued at $1,035,737.23. This represents a 31.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Sensata Technologies Stock Performance

Shares of NYSE:ST 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 1,709,933. The business's 50-day moving average is $22.92 and its two-hundred day moving average is $26.79. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.25 and a beta of 1.02. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $42.33.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The firm had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same quarter in the prior year, the firm posted $0.89 EPS. Sensata Technologies's revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current 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 1.84%. Sensata Technologies's dividend payout ratio (DPR) is currently 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.