Wedge Capital Management L L P NC Buys 21,881 Shares of Sensata Technologies Holding N.V. $ST

Key Points

• Wedge Capital Management increased its Sensata Technologies stake by 18.3% in the second quarter, adding 21,881 shares to own 141,342 shares valued at approximately $6.75 million. Institutional investors collectively hold 99.42% of the company.
• Sensata reported quarterly earnings of $0.98 per share, beating estimates of $0.93, while revenue rose 5% year over year to $990.6 million. The company guided for third-quarter EPS of $0.93–$0.97.
• Shares opened at $46.10, near analysts’ consensus price target of $49.10, while ratings remain mixed with an overall “Hold” consensus. Sensata also declared a quarterly dividend of $0.12 per share, yielding about 1.0% annually.

Wedge Capital Management L L P NC grew its stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,342 shares of the scientific and technical instruments company's stock after purchasing an additional 21,881 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.10% of Sensata Technologies worth $6,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ST. Medina Value Partners LLC acquired a new stake in Sensata Technologies in the fourth quarter worth about $3,753,000. Strategic Global Advisors LLC lifted its position in Sensata Technologies by 92.3% during the 4th quarter. Strategic Global Advisors LLC now owns 298,367 shares of the scientific and technical instruments company's stock valued at $9,933,000 after purchasing an additional 143,227 shares during the period. Hudson Edge Investment Partners Inc. acquired a new position in Sensata Technologies during the 1st quarter valued at about $951,000. Handelsbanken Fonder AB boosted its stake in shares of Sensata Technologies by 113.5% in the 4th quarter. Handelsbanken Fonder AB now owns 487,232 shares of the scientific and technical instruments company's stock valued at $16,220,000 after purchasing an additional 258,997 shares during the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in shares of Sensata Technologies by 247.0% in the 4th quarter. Convergence Investment Partners LLC now owns 40,440 shares of the scientific and technical instruments company's stock valued at $1,346,000 after purchasing an additional 28,786 shares during the last quarter. Institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Down 0.3%

Shares of NYSE ST opened at $46.10 on Thursday. The stock has a market cap of $6.71 billion, a P/E ratio of 76.83, a P/E/G ratio of 1.38 and a beta of 1.27. The firm has a 50 day moving average price of $47.27 and a 200 day moving average price of $42.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. Sensata Technologies Holding N.V. has a 52-week low of $28.16 and a 52-week high of $53.89.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $990.60 million for the quarter, compared to analyst estimates of $970.39 million. Sensata Technologies had a net margin of 2.37% and a return on equity of 18.68%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. Sensata Technologies has set its Q3 2026 guidance at 0.930-0.970 EPS. Analysts expect that Sensata Technologies Holding N.V. will post 3.77 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Sensata Technologies's dividend payout ratio (DPR) is presently 80.00%.

Insiders Place Their Bets

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the business's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company's stock, valued at approximately $1,881,163.80. The trade was a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ST shares. Barclays increased their price objective on shares of Sensata Technologies from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Bank of America lifted their target price on shares of Sensata Technologies from $46.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. UBS Group reiterated a "buy" rating and set a $57.00 target price on shares of Sensata Technologies in a research report on Tuesday, June 2nd. Truist Financial raised Sensata Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $43.00 to $58.00 in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group raised their price target on Sensata Technologies from $48.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sensata Technologies has an average rating of "Hold" and a consensus price target of $49.10.

About Sensata Technologies

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

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