Ingalls & Snyder LLC Decreases Stake in Sensata Technologies Holding plc (NYSE:ST)

Ingalls & Snyder LLC lowered its holdings in Sensata Technologies Holding plc (NYSE:ST) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,807 shares of the scientific and technical instruments company’s stock after selling 1,934 shares during the quarter. Ingalls & Snyder LLC’s holdings in Sensata Technologies were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ST. Merewether Investment Management LP purchased a new position in shares of Sensata Technologies in the third quarter worth $25,446,000. FMR LLC grew its holdings in shares of Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after acquiring an additional 618,202 shares during the period. Copeland Capital Management LLC grew its holdings in shares of Sensata Technologies by 21.7% in the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after acquiring an additional 319,424 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Sensata Technologies in the third quarter worth $9,791,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 worth $23,688,000 after acquiring an additional 264,334 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ST shares. Evercore ISI cut their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Stifel Nicolaus cut their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Oppenheimer cut their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen cut their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group cut their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average price target of $39.08.

Sensata Technologies Stock Performance

NYSE:ST opened at $28.84 on Friday. The firm has a market capitalization of $4.31 billion, a PE ratio of -53.40, a P/E/G ratio of 0.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The stock has a 50-day simple moving average of $28.03 and a two-hundred day simple moving average of $32.63. Sensata Technologies Holding plc has a 52-week low of $24.91 and a 52-week high of $43.14.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. Analysts forecast that Sensata Technologies Holding plc will post 3.44 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Wednesday, February 12th. 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.