Wells Fargo & Company MN Sells 48,308 Shares of Sensata Technologies Holding plc (NYSE:ST)

Wells Fargo & Company MN lowered its position in Sensata Technologies Holding plc (NYSE:ST) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,074 shares of the scientific and technical instruments company’s stock after selling 48,308 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of Sensata Technologies worth $6,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC grew its holdings in shares of Sensata Technologies by 524.8% during the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company’s stock valued at $76,000 after purchasing an additional 2,325 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Sensata Technologies during the fourth quarter valued at about $27,000. Pictet Asset Management Holding SA grew its stake in shares of Sensata Technologies by 23.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,742 shares of the scientific and technical instruments company’s stock valued at $705,000 after buying an additional 4,899 shares during the last quarter. Norges Bank bought a new stake in shares of Sensata Technologies in the 4th quarter valued at about $48,580,000. Finally, Easterly Investment Partners LLC boosted its holdings in Sensata Technologies by 4.4% during the 4th quarter. Easterly Investment Partners LLC now owns 250,323 shares of the scientific and technical instruments company’s stock valued at $6,859,000 after acquiring an additional 10,445 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ST shares. Oppenheimer lowered 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. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday. UBS Group dropped their target price on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Robert W. Baird reduced their price target on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and an average target price of $34.55.

Sensata Technologies Price Performance

ST opened at $19.39 on Friday. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $25.44 and a two-hundred day simple moving average of $28.96.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

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.