The Manufacturers Life Insurance Company Has $6.95 Million Stock Position in Sensata Technologies Holding plc (NYSE:ST)

The Manufacturers Life Insurance Company cut its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,776 shares of the scientific and technical instruments company's stock after selling 510,534 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.17% of Sensata Technologies worth $6,953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies during the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC grew its stake in shares of Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after acquiring an additional 817 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of 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 worth $69,000 after purchasing an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of 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 worth $76,000 after purchasing an additional 2,325 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ST shares. UBS Group decreased their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Robert W. Baird dropped their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Oppenheimer dropped their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company began coverage on shares of Sensata Technologies in a research report on Friday, April 25th. They issued an "equal weight" rating and a $20.00 price objective for the company. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.58.

Sensata Technologies Stock Performance

Sensata Technologies stock traded up $1.98 during trading hours on Monday, hitting $27.53. The company had a trading volume of 356,357 shares, compared to its average volume of 1,705,273. The firm has a 50-day moving average of $23.19 and a 200 day moving average of $27.41. 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 cap of $4.03 billion, a PE ratio of 32.89, a PEG 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 $43.14.

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 for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, sell-side analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's dividend 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.