M&T Bank Corp Takes $397,000 Position in Sensata Technologies Holding N.V. (NYSE:ST)

M&T Bank Corp purchased a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,353 shares of the scientific and technical instruments company’s stock, valued at approximately $397,000.

Other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in shares of Sensata Technologies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock valued at $1,800,000 after buying an additional 420 shares during the period. Cullen Capital Management LLC raised its position in Sensata Technologies by 1.9% in the fourth quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company’s stock worth $852,000 after purchasing an additional 590 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in Sensata Technologies by 6.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 13,724 shares of the scientific and technical instruments company’s stock worth $333,000 after purchasing an additional 790 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies in the fourth quarter worth about $27,000. Finally, UMB Bank n.a. raised its position 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 worth $45,000 after purchasing an additional 981 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

Shares of ST stock opened at $31.08 on Thursday. Sensata Technologies Holding N.V. has a 52-week low of $17.32 and a 52-week high of $42.29. The stock has a market cap of $4.55 billion, a PE ratio of 38.37, a PEG ratio of 1.34 and a beta of 1.13. 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 firm’s 50 day moving average price is $28.40 and its two-hundred day moving average price is $26.52.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.12 per share. The ex-dividend date 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 59.26%.

Insider Activity at Sensata Technologies

In related news, Director Andrew C. Teich acquired 9,925 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired 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 directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Bank of America raised their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Finally, UBS Group raised their price objective on shares of Sensata Technologies from $34.00 to $41.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $34.58.

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.