Dynamic Technology Lab Private Ltd Invests $292,000 in Sensata Technologies Holding plc (NYSE:ST)

Dynamic Technology Lab Private Ltd bought a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,660 shares of the scientific and technical instruments company’s stock, valued at approximately $292,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Sensata Technologies in the 4th quarter worth about $48,580,000. State Street Corp increased its holdings in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 264,334 shares in the last quarter. Prudential Financial Inc. lifted its stake in Sensata Technologies by 94.7% in the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after buying an additional 103,897 shares during the period. Finally, Kempner Capital Management Inc. boosted its holdings in shares of Sensata Technologies by 233.9% during the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after buying an additional 146,449 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $19.44 on Friday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14. The firm’s 50-day simple moving average is $26.18 and its 200 day simple moving average is $29.59.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting 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 anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is 57.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ST shares. UBS Group lowered their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $31.00 to $27.00 in a research report on Thursday. Finally, Oppenheimer decreased their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and an average target price of $36.73.

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.