Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,353,979 shares of the scientific and technical instruments company’s stock after selling 92,558 shares during the period. Brown Advisory Inc. owned about 0.91% of Sensata Technologies worth $37,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Sensata Technologies in the 4th quarter valued at $48,580,000. Invesco Ltd. raised its position in shares of Sensata Technologies by 19.4% in the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock worth $8,937,000 after acquiring an additional 53,034 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after acquiring an additional 264,334 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Sensata Technologies by 94.7% during the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after acquiring an additional 103,897 shares during the period. Finally, Kempner Capital Management Inc. increased its stake in shares of Sensata Technologies by 233.9% in the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after purchasing an additional 146,449 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Robert W. Baird cut their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Finally, Wells Fargo & Company initiated coverage on Sensata Technologies in a report on Friday, April 25th. They set an “equal weight” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Sensata Technologies Trading Down 0.5 %

Shares of Sensata Technologies stock opened at $21.96 on Tuesday. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.25 and a beta of 1.02. The stock has a 50 day moving average of $23.59 and a 200 day moving average of $27.76.

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

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 2.19%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

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.