Price T Rowe Associates Inc. MD Acquires 2,088,161 Shares of Sensata Technologies Holding plc (NYSE:ST)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,821,428 shares of the scientific and technical instruments company's stock after purchasing an additional 2,088,161 shares during the quarter. Price T Rowe Associates Inc. MD owned 5.23% of Sensata Technologies worth $214,308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ST. Dark Forest Capital Management LP purchased a new position in shares of Sensata Technologies in the 4th quarter worth about $858,000. Hsbc Holdings PLC bought a new position in Sensata Technologies during the fourth quarter valued at approximately $988,000. Tower Research Capital LLC TRC lifted its holdings in shares of Sensata Technologies by 64.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the scientific and technical instruments company's stock worth $297,000 after acquiring an additional 4,257 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Sensata Technologies by 8.1% during the 4th quarter. MetLife Investment Management LLC now owns 84,309 shares of the scientific and technical instruments company's stock valued at $2,310,000 after purchasing an additional 6,314 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Sensata Technologies by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock worth $159,143,000 after buying an additional 648,028 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ST has been the subject of several analyst reports. Oppenheimer dropped their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price objective for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Wells Fargo & Company assumed coverage on shares of Sensata Technologies in a report on Friday, April 25th. They set an "equal weight" rating and a $20.00 target price on the stock. Robert W. Baird lowered their price target 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. Finally, The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $33.33.

Sensata Technologies Stock Up 0.7 %

Shares of Sensata Technologies stock traded up $0.16 on Thursday, reaching $21.56. The company's stock had a trading volume of 246,402 shares, compared to its average volume of 1,749,371. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.14. The firm's fifty day simple moving average is $24.05 and its two-hundred day simple moving average is $28.16. 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 company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 1.25 and a beta of 1.12.

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

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Sensata Technologies's payout ratio is 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.