Franklin Resources Inc. boosted its position in Sensata Technologies Holding N.V. (NYSE:ST – Free Report) by 860.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,865 shares of the scientific and technical instruments company’s stock after purchasing an additional 98,432 shares during the period. Franklin Resources Inc. owned 0.08% of Sensata Technologies worth $3,308,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ST. Charles Schwab Investment Management Inc. increased its stake in shares of Sensata Technologies by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,088,253 shares of the scientific and technical instruments company’s stock valued at $26,412,000 after buying an additional 27,716 shares during the period. Maverick Capital Ltd. grew its holdings in Sensata Technologies by 141.0% during the 1st quarter. Maverick Capital Ltd. now owns 21,258 shares of the scientific and technical instruments company’s stock worth $516,000 after acquiring an additional 12,437 shares during the last quarter. Russell Investments Group Ltd. increased its position in Sensata Technologies by 12.6% in the 1st quarter. Russell Investments Group Ltd. now owns 87,572 shares of the scientific and technical instruments company’s stock valued at $2,125,000 after acquiring an additional 9,812 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Sensata Technologies during the first quarter valued at $317,000. Finally, Nuveen LLC acquired a new position in shares of Sensata Technologies during the first quarter worth $7,419,000. 99.42% of the stock is owned by institutional investors and hedge funds.
Sensata Technologies Trading Down 0.7%
NYSE ST opened at $32.23 on Wednesday. The stock has a market capitalization of $4.70 billion, a P/E ratio of -161.16, a P/E/G ratio of 1.26 and a beta of 1.17. The business has a 50 day simple moving average of $31.05 and a 200 day simple moving average of $30.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.91 and a quick ratio of 1.94. Sensata Technologies Holding N.V. has a one year low of $17.32 and a one year high of $33.90.
Sensata Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Sensata Technologies’s payout ratio is -240.00%.
Insider Activity
In other news, EVP David K. Stott sold 839 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $30.80, for a total transaction of $25,841.20. Following the transaction, the executive vice president owned 35,444 shares of the company’s stock, valued at $1,091,675.20. This represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ali John Mirshekari sold 125,939 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $28.83, for a total value of $3,630,821.37. Following the completion of the sale, the director directly owned 142,371 shares of the company’s stock, valued at $4,104,555.93. The trade was a 46.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 274,932 shares of company stock worth $7,962,744. Company insiders own 0.89% of the company’s stock.
Analysts Set New Price Targets
ST has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Sensata Technologies in a report on Monday. Evercore ISI set a $32.00 price target on Sensata Technologies in a research note on Wednesday, October 29th. Barclays started coverage on Sensata Technologies in a research report on Wednesday, October 8th. They set an “overweight” rating and a $43.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Sensata Technologies from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company raised their price target on shares of Sensata Technologies from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.80.
View Our Latest Analysis on Sensata Technologies
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.
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