Fifth Third Bancorp Has $861,000 Holdings in Sensata Technologies Holding plc (NYSE:ST)

Fifth Third Bancorp boosted its position in Sensata Technologies Holding plc (NYSE:ST) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,463 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,509 shares during the period. Fifth Third Bancorp’s holdings in Sensata Technologies were worth $861,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies in the 4th quarter worth about $27,000. Blue Trust Inc. boosted its stake in Sensata Technologies by 1,071.2% during the fourth quarter. Blue Trust Inc. now owns 1,300 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 1,189 shares in the last quarter. Parallel Advisors LLC grew its holdings in Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 1,118 shares during the period. UMB Bank n.a. increased its stake in Sensata Technologies by 110.0% in the first quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 981 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Trading Up 3.9%

Shares of ST stock opened at $28.55 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.25 and a beta of 1.10. Sensata Technologies Holding plc has a 52-week low of $17.32 and a 52-week high of $42.33. The company has a 50-day simple moving average of $24.03 and a two-hundred day simple moving average of $26.33.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sensata Technologies’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. Research analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, May 14th. Sensata Technologies’s dividend payout ratio is 59.26%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ST shares. Wells Fargo & Company boosted their target price on Sensata Technologies from $23.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. The Goldman Sachs Group raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Wall Street Zen lowered Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. JPMorgan Chase & Co. cut their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird reduced their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $34.08.

Insider Buying and Selling at Sensata Technologies

In other news, Director Andrew C. Teich bought 9,925 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the transaction, the director now directly owns 41,117 shares of the company’s stock, valued at $1,035,737.23. This represents a 31.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.89% of the company’s stock.

Sensata Technologies Company 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.