Handelsbanken Fonder AB Cuts Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Handelsbanken Fonder AB cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 11.6% during the fourth quarter, Holdings Channel reports. The firm owned 29,000 shares of the scientific and technical instruments company’s stock after selling 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sensata Technologies were worth $1,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its stake in shares of Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 681 shares in the last quarter. Covestor Ltd grew its position in shares of Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 521 shares in the last quarter. CWM LLC raised its holdings in Sensata Technologies by 253.8% in the third quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company’s stock valued at $114,000 after acquiring an additional 2,162 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Sensata Technologies in the 3rd quarter valued at approximately $168,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Sensata Technologies by 2,375.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,703 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 4,513 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, January 30th. Stifel Nicolaus dropped their price objective on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. downgraded Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $37.00 to $34.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Trading Up 1.7 %

Shares of ST opened at $34.98 on Monday. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The firm has a 50-day simple moving average of $35.06 and a 200-day simple moving average of $34.67. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. During the same quarter last year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies Holding plc will post 3.72 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is presently -959.81%.

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.