Harvey Investment Co. LLC Has $2.05 Million Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Harvey Investment Co. LLC lowered its position in Sensata Technologies Holding plc (NYSE:ST) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 74,956 shares of the scientific and technical instruments company’s stock after selling 10,865 shares during the period. Harvey Investment Co. LLC owned 0.05% of Sensata Technologies worth $2,054,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Sensata Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. JPMorgan Chase & Co. lifted its stake in Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after buying an additional 264,334 shares during the period. Loomis Sayles & Co. L P bought a new position in Sensata Technologies during the third quarter worth $9,791,000. International Assets Investment Management LLC bought a new position in shares of Sensata Technologies during the 3rd quarter worth about $1,110,000. Finally, Lecap Asset Management Ltd. bought a new position in Sensata Technologies in the third quarter worth approximately $683,000. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Performance

NYSE ST opened at $25.46 on Friday. The company’s 50 day moving average is $28.62 and its 200-day moving average is $33.05. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies Holding plc has a 12-month low of $24.91 and a 12-month high of $43.14. The firm has a market cap of $3.81 billion, a P/E ratio of -47.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same period in the previous year, the company posted $0.91 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.44 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, February 12th. Sensata Technologies’s payout ratio is -88.89%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ST shares. JPMorgan Chase & Co. cut their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. 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 report on Thursday, January 16th. Robert W. Baird cut their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group cut their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.58.

Sensata Technologies 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.