Wellington Management Group LLP cut its position in Sensata Technologies Holding N.V. (NYSE:ST – Free Report) by 46.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 487,449 shares of the scientific and technical instruments company’s stock after selling 428,576 shares during the quarter. Wellington Management Group LLP’s holdings in Sensata Technologies were worth $23,271,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of ST. CIBC Private Wealth Group LLC lifted its position in Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 728 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 351 shares during the last quarter. EFG International AG acquired a new position in Sensata Technologies during the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC raised its stake in Sensata Technologies by 244.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 836 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Sensata Technologies by 62.7% in the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 413 shares during the period. Institutional investors own 99.42% of the company’s stock.
Sensata Technologies Stock Performance
Sensata Technologies stock opened at $43.07 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.29 and a quick ratio of 1.58. The stock has a fifty day moving average price of $44.88 and a two-hundred day moving average price of $42.93. Sensata Technologies Holding N.V. has a 52-week low of $28.16 and a 52-week high of $53.89. The firm has a market capitalization of $6.27 billion, a P/E ratio of 71.78, a P/E/G ratio of 1.29 and a beta of 1.25.
Sensata Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. Sensata Technologies’s dividend payout ratio (DPR) is currently 80.00%.
Wall Street Analyst Weigh In
Several research firms have issued reports on ST. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Bank of America lifted their target price on Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a report on Tuesday, June 2nd. Finally, Barclays raised their price objective on Sensata Technologies from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.10.
Get Our Latest Stock Analysis on Sensata Technologies
Sensata Technologies 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.
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