Franklin Resources Inc. Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Franklin Resources Inc. acquired a new position in shares of Sensata Technologies Holding plc (NYSE:STFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,698 shares of the scientific and technical instruments company’s stock, valued at approximately $1,041,000.

Several other hedge funds have also added to or reduced their stakes in ST. Cary Street Partners Investment Advisory LLC boosted its stake in Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the period. Principal Securities Inc. bought a new stake in Sensata Technologies in the 4th quarter valued at approximately $29,000. Parkside Financial Bank & Trust boosted its position in Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares during the last quarter. Covestor Ltd grew its stake in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after acquiring an additional 521 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Sensata Technologies in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ST. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the company from $44.00 to $60.00 in a research report on Monday, May 6th. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Robert W. Baird upped their price objective on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group started coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.78.

Read Our Latest Stock Analysis on ST

Sensata Technologies Stock Performance

NYSE ST opened at $40.09 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The firm has a 50-day moving average of $38.53 and a 200-day moving average of $36.13. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $47.41.

Sensata Technologies (NYSE:STGet Free Report) last issued its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts forecast that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the purchase, the director now directly owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Sensata Technologies Company Profile

(Free Report)

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.

See Also

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

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