Sensata Technologies Holding plc (NYSE:ST) Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 25.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 587,813 shares of the scientific and technical instruments company’s stock after selling 203,969 shares during the quarter. Envestnet Asset Management Inc. owned about 0.39% of Sensata Technologies worth $16,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tidal Investments LLC lifted its holdings in shares of Sensata Technologies by 1.1% in the third quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock valued at $1,052,000 after purchasing an additional 314 shares in the last quarter. Franklin Resources Inc. raised its position in Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after buying an additional 403 shares during the period. Arizona State Retirement System boosted its position in Sensata Technologies by 0.9% during the 4th quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock worth $1,200,000 after acquiring an additional 405 shares during the period. Cullen Capital Management LLC grew its stake in Sensata Technologies by 1.9% during the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company’s stock valued at $852,000 after acquiring an additional 590 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Sensata Technologies by 9.4% in the 4th quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 668 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 1.3 %

Shares of Sensata Technologies stock opened at $19.73 on Wednesday. The stock has a market cap of $2.95 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a 12 month low of $17.32 and a 12 month high of $43.14. The business has a fifty day simple moving average of $25.83 and a 200 day simple moving average of $29.25. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Research analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies’s payout ratio is presently 57.14%.

Analyst Ratings Changes

Several research analysts have weighed in on ST shares. Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Robert W. Baird dropped their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday. Oppenheimer reduced their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group dropped their target price on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group raised Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their price target for the company from $31.00 to $27.00 in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $35.55.

About Sensata Technologies

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.