B. Riley Wealth Advisors Inc. reduced its position in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,087 shares of the scientific and technical instruments company’s stock after selling 490 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sensata Technologies were worth $1,495,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of ST. Yousif Capital Management LLC lifted its stake in 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 in the last quarter. Raymond James Trust N.A. bought a new position in Sensata Technologies during the 1st quarter valued at $202,000. Allianz Asset Management GmbH lifted its stake in Sensata Technologies by 1.0% during the 1st quarter. Allianz Asset Management GmbH now owns 774,136 shares of the scientific and technical instruments company’s stock valued at $39,364,000 after acquiring an additional 7,953 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Sensata Technologies during the 1st quarter valued at $254,000. Finally, Mackenzie Financial Corp lifted its stake in Sensata Technologies by 42.7% during the 1st quarter. Mackenzie Financial Corp now owns 833,577 shares of the scientific and technical instruments company’s stock valued at $42,387,000 after acquiring an additional 249,277 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ST. TheStreet upgraded Sensata Technologies from a “c+” rating to a “b-” rating in a research note on Monday, January 30th. Robert W. Baird raised their target price on Sensata Technologies from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Citigroup raised their target price on Sensata Technologies from $42.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Stifel Nicolaus lowered Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research report on Wednesday, February 15th. Finally, Cowen raised their target price on Sensata Technologies from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.29.
Sensata Technologies Trading Down 2.8 %
Sensata Technologies (NYSE:ST – Get Rating) last issued its earnings results on Tuesday, January 31st. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Sensata Technologies had a return on equity of 17.29% and a net margin of 7.71%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $998.02 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Sensata Technologies Holding plc will post 3.77 EPS for the current year.
Sensata Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.44 annualized dividend and a yield of 0.96%. Sensata Technologies’s dividend payout ratio is currently 21.89%.
Insiders Place Their Bets
In other Sensata Technologies news, CEO Jeffrey J. Cote sold 41,816 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $45.00, for a total value of $1,881,720.00. Following the completion of the transaction, the chief executive officer now owns 141,024 shares in the company, valued at approximately $6,346,080. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.
About Sensata Technologies
Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments.
- Get a free copy of the StockNews.com research report on Sensata Technologies (ST)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding ST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensata Technologies Holding plc (NYSE:ST – Get Rating).
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.