Mitsubishi UFJ Trust & Banking Corp Grows Holdings in Sensata Technologies Holding plc (NYSE:ST)

Mitsubishi UFJ Trust & Banking Corp raised its position in Sensata Technologies Holding plc (NYSE:STGet Rating) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,502 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,131 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Sensata Technologies worth $4,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC increased its stake in shares of Sensata Technologies by 1.5% during the 1st quarter. Mariner LLC now owns 17,405 shares of the scientific and technical instruments company’s stock valued at $885,000 after acquiring an additional 261 shares during the last quarter. Glenview Trust Co increased its stake in shares of Sensata Technologies by 3.3% during the 1st quarter. Glenview Trust Co now owns 10,949 shares of the scientific and technical instruments company’s stock valued at $557,000 after acquiring an additional 352 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Sensata Technologies by 9.9% during the 1st quarter. Yousif Capital Management LLC now owns 4,451 shares of the scientific and technical instruments company’s stock valued at $226,000 after acquiring an additional 400 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in Sensata Technologies by 11.1% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,544 shares of the scientific and technical instruments company’s stock worth $213,000 after purchasing an additional 454 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in Sensata Technologies by 3.9% during the 2nd quarter. Boston Trust Walden Corp now owns 13,790 shares of the scientific and technical instruments company’s stock worth $570,000 after purchasing an additional 515 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ST. Royal Bank of Canada dropped their target price on shares of Sensata Technologies from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Stifel Nicolaus lowered their price objective on shares of Sensata Technologies from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, October 10th. Citigroup reduced their target price on Sensata Technologies from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, October 26th. Truist Financial reduced their target price on Sensata Technologies from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on Sensata Technologies from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, October 10th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of “Moderate Buy” and an average target price of $55.93.

Sensata Technologies Stock Performance

ST stock opened at $44.03 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.23 and a current ratio of 2.98. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.18 and a beta of 1.26. Sensata Technologies Holding plc has a 1 year low of $36.64 and a 1 year high of $65.58. The stock’s fifty day moving average is $40.41 and its two-hundred day moving average is $42.54.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, November 8th. Sensata Technologies’s payout ratio is 22.34%.

Insider Buying and Selling at Sensata Technologies

In other news, Director Martha N. Sullivan sold 198,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $41.42, for a total transaction of $8,201,160.00. Following the transaction, the director now directly owns 201,268 shares of the company’s stock, valued at $8,336,520.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Sensata Technologies Company Profile

(Get Rating)

Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

See Also

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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