Woodline Partners LP Raises Holdings in Sensata Technologies Holding plc (NYSE:ST)

Woodline Partners LP lifted its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,277,826 shares of the scientific and technical instruments company's stock after purchasing an additional 898,835 shares during the quarter. Woodline Partners LP owned 1.52% of Sensata Technologies worth $62,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Sensata Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company's stock worth $1,200,000 after buying an additional 405 shares during the period. Treasurer of the State of North Carolina boosted its stake in Sensata Technologies by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company's stock worth $1,800,000 after buying an additional 420 shares during the period. Cullen Capital Management LLC boosted its stake in Sensata Technologies by 1.9% during the fourth quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock worth $852,000 after buying an additional 590 shares during the period. Jones Financial Companies Lllp boosted its stake in Sensata Technologies by 9.4% during the fourth quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company's stock worth $212,000 after buying an additional 668 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in Sensata Technologies by 4.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 15,669 shares of the scientific and technical instruments company's stock worth $429,000 after buying an additional 696 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ST has been the subject of several recent analyst reports. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Wall Street Zen raised shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.08.

Sensata Technologies Stock Down 1.2%

Shares of ST stock traded down $0.31 on Friday, hitting $25.23. The stock had a trading volume of 1,908,088 shares, compared to its average volume of 1,709,864. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $23.04 and a 200 day moving average price of $26.94. The company has a market cap of $3.69 billion, a PE ratio of 30.03, a P/E/G ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $42.60.

Sensata Technologies (NYSE:ST - Get Free Report) last released 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. The firm had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. Sensata Technologies's payout ratio is currently 59.26%.

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.