Brown Advisory Inc. Sells 124,790 Shares of Sensata Technologies Holding N.V. $ST

Brown Advisory Inc. trimmed its holdings in Sensata Technologies Holding N.V. (NYSE:ST) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152,719 shares of the scientific and technical instruments company’s stock after selling 124,790 shares during the period. Brown Advisory Inc.’s holdings in Sensata Technologies were worth $38,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ST. Woodline Partners LP raised its position in shares of Sensata Technologies by 165.4% in the third quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after buying an additional 3,100,927 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Sensata Technologies by 380.4% in the fourth quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after buying an additional 2,778,918 shares in the last quarter. Norges Bank acquired a new stake in shares of Sensata Technologies in the fourth quarter valued at approximately $62,966,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Sensata Technologies by 28.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock valued at $143,600,000 after buying an additional 961,457 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Sensata Technologies in the second quarter valued at approximately $21,786,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Up 2.0%

Shares of NYSE:ST opened at $51.39 on Tuesday. The company has a fifty day moving average of $44.90 and a 200-day moving average of $38.38. The company has a market capitalization of $7.47 billion, a PE ratio of 165.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. Sensata Technologies Holding N.V. has a 52-week low of $27.66 and a 52-week high of $53.89.

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

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Sensata Technologies’s payout ratio is currently 154.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ST. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays downgraded shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $49.00 to $53.00 in a research report on Friday, May 29th. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $58.00 in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Sensata Technologies from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Finally, Oppenheimer boosted their price objective on shares of Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.70.

Insider Buying and Selling at Sensata Technologies

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

About Sensata Technologies

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.