Edgestream Partners L.P. Invests $1.95 Million in Sensata Technologies Holding plc (NYSE:ST)

Edgestream Partners L.P. acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 71,186 shares of the scientific and technical instruments company’s stock, valued at approximately $1,950,000.

A number of other large investors have also modified their holdings of ST. Janus Henderson Group PLC grew its stake in shares of Sensata Technologies by 0.5% during the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock worth $348,666,000 after purchasing an additional 45,513 shares in the last quarter. State Street Corp grew its stake in shares of Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. FMR LLC grew its stake in shares of Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after purchasing an additional 618,202 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Sensata Technologies by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,721,353 shares of the scientific and technical instruments company’s stock worth $97,588,000 after purchasing an additional 11,798 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Sensata Technologies by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock worth $90,393,000 after purchasing an additional 24,707 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Up 3.1 %

NYSE ST opened at $28.70 on Monday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.25 and a beta of 1.20. Sensata Technologies Holding plc has a 52-week low of $24.91 and a 52-week high of $43.14. The firm has a 50-day moving average price of $27.95 and a 200 day moving average price of $31.67. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Equities research analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group lowered their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI lowered their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Oppenheimer decreased their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.08.

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.