Legal & General Group Plc Cuts Position in Sensata Technologies Holding N.V. $ST

Legal & General Group Plc decreased its position in Sensata Technologies Holding N.V. (NYSE:ST) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,032 shares of the scientific and technical instruments company’s stock after selling 18,829 shares during the quarter. Legal & General Group Plc owned 0.16% of Sensata Technologies worth $7,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ST. Smartleaf Asset Management LLC grew its stake in shares of Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 785 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sensata Technologies by 244.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 836 shares in the last quarter. Quarry LP grew its stake in shares of Sensata Technologies by 155,200.0% in the third quarter. Quarry LP now owns 1,553 shares of the scientific and technical instruments company’s stock worth $47,000 after acquiring an additional 1,552 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Sensata Technologies by 227.9% in the fourth quarter. Larson Financial Group LLC now owns 1,446 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Sensata Technologies by 117.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,784 shares of the scientific and technical instruments company’s stock worth $59,000 after acquiring an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

NYSE:ST opened at $49.86 on Friday. The firm has a market capitalization of $7.25 billion, a PE ratio of 160.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.26. The business’s fifty day moving average price is $43.10 and its 200 day moving average price is $37.48. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. Sensata Technologies Holding N.V. has a 12 month low of $26.86 and a 12 month high of $53.89.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The firm had revenue of $934.80 million for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, sell-side analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is 154.84%.

Insider Buying and Selling at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at $2,528,345.82. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David K. Stott sold 6,335 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares in the company, valued at $1,881,163.80. This trade represents a 13.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,728 shares of company stock worth $486,949 in the last three months. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ST. JPMorgan Chase & Co. boosted their price target on shares of Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, February 23rd. Robert W. Baird boosted their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Oppenheimer boosted their price target on shares of Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $43.00 to $58.00 in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and an average target price of $47.70.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.