Hsbc Holdings PLC Invests $988,000 in Sensata Technologies Holding plc (NYSE:ST)

Hsbc Holdings PLC acquired a new position in Sensata Technologies Holding plc (NYSE:ST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,225 shares of the scientific and technical instruments company's stock, valued at approximately $988,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew 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 buying an additional 820 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Sensata Technologies in the fourth quarter valued at $27,000. Venturi Wealth Management LLC raised its stake in shares of Sensata Technologies by 67.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 817 shares during the period. Parkside Financial Bank & Trust increased its stake in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after buying an additional 820 shares during the period. Finally, Headlands Technologies LLC raised 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 acquiring an additional 2,325 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ST. Oppenheimer dropped their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and cut their target price for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. Robert W. Baird lowered 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 report on Tuesday, April 15th. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, UBS Group lowered their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Sensata Technologies has an average rating of "Hold" and a consensus target price of $33.33.

Sensata Technologies Trading Down 1.6 %

Shares of ST traded down $0.35 during trading hours on Tuesday, hitting $21.63. 1,321,443 shares of the stock were exchanged, compared to its average volume of 1,715,953. 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 firm has a market capitalization of $3.16 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. The business has a 50-day moving average of $23.59 and a 200-day moving average of $27.76. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, research analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. Sensata Technologies's dividend payout ratio is currently 57.14%.

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.