Bank of New York Mellon Corp Cuts Position in Sensata Technologies Holding N.V. (NYSE:ST)

Bank of New York Mellon Corp cut its stake in Sensata Technologies Holding N.V. (NYSE:ST) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,212,175 shares of the scientific and technical instruments company’s stock after selling 65,804 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of Sensata Technologies worth $29,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Sensata Technologies by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock worth $267,621,000 after buying an additional 44,233 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Sensata Technologies by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after buying an additional 2,088,161 shares during the last quarter. Boston Partners grew its stake in Sensata Technologies by 11.6% during the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after buying an additional 677,316 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sensata Technologies by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock worth $159,143,000 after buying an additional 648,028 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Sensata Technologies by 96.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock worth $144,148,000 after buying an additional 2,587,183 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

NYSE:ST opened at $31.07 on Wednesday. Sensata Technologies Holding N.V. has a one year low of $17.32 and a one year high of $42.33. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.81 and a current ratio of 2.64. The stock has a market cap of $4.55 billion, a PE ratio of 38.36, a P/E/G ratio of 1.37 and a beta of 1.13. The stock has a 50 day moving average price of $28.22 and a 200 day moving average price of $26.49.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $911.26 million during the quarter, compared to analysts’ expectations of $878.39 million. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities research analysts expect that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Sensata Technologies’s payout ratio is presently 59.26%.

Insider Buying and Selling at Sensata Technologies

In related news, Director Andrew C. Teich bought 9,925 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the acquisition, the director owned 41,117 shares in the company, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ST shares. Robert W. Baird dropped their price target on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price target on Sensata Technologies from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 1st. UBS Group boosted their price target on Sensata Technologies from $34.00 to $41.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and an average target price of $35.33.

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.