First Horizon Advisors Inc. Cuts Position in Sensata Technologies Holding plc (NYSE:ST)

First Horizon Advisors Inc. cut its holdings in Sensata Technologies Holding plc (NYSE:ST) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,391 shares of the scientific and technical instruments company’s stock after selling 1,133 shares during the period. First Horizon Advisors Inc.’s holdings in Sensata Technologies were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Sensata Technologies by 0.5% in 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 buying an additional 45,513 shares in the last quarter. State Street Corp grew its holdings 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 valued at $196,187,000 after buying an additional 23,946 shares during the last quarter. FMR LLC grew its holdings 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 valued at $139,703,000 after buying an additional 618,202 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Sensata Technologies by 0.4% in the 3rd 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 during the period. Finally, Geode Capital Management LLC grew its position in Sensata Technologies by 1.0% in the 3rd 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 during the period. 99.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ST shares. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. TD Cowen reduced their target price on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. 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. Finally, UBS Group lowered their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.08.

Sensata Technologies Stock Down 2.2 %

Shares of NYSE:ST opened at $28.75 on Friday. The company has a market capitalization of $4.30 billion, a PE ratio of 34.22, a P/E/G ratio of 1.25 and a beta of 1.23. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a twelve month low of $24.91 and a twelve month high of $43.14. The firm has a 50 day simple moving average of $27.92 and a 200-day simple moving average of $32.12.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company 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 of this dividend 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 57.14%.

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.