1,891,445 Shares in Sensata Technologies Holding N.V. $ST Bought by Norges Bank

Norges Bank acquired a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,891,445 shares of the scientific and technical instruments company’s stock, valued at approximately $62,966,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC bought a new stake in Sensata Technologies during the 3rd quarter worth $1,566,000. CWA Asset Management Group LLC bought a new stake in Sensata Technologies during the 4th quarter worth $1,133,000. Dimensional Fund Advisors LP grew its position in Sensata Technologies by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,023,238 shares of the scientific and technical instruments company’s stock worth $214,557,000 after acquiring an additional 150,013 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sensata Technologies during the 3rd quarter worth $1,517,000. Finally, Convergence Investment Partners LLC grew its position in Sensata Technologies by 247.0% during the 4th quarter. Convergence Investment Partners LLC now owns 40,440 shares of the scientific and technical instruments company’s stock worth $1,346,000 after acquiring an additional 28,786 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Insider Activity

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,881,163.80. The trade was a 13.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,728 shares of company stock worth $486,949. 0.65% of the stock is owned by corporate insiders.

Sensata Technologies Stock Down 5.3%

Shares of Sensata Technologies stock opened at $49.86 on Friday. Sensata Technologies Holding N.V. has a one year low of $26.86 and a one year high of $53.89. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. The stock’s 50-day moving average is $43.10 and its 200 day moving average is $37.48. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 160.83, a PEG ratio of 1.44 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The company had revenue of $934.80 million for the quarter. Equities research analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 EPS for the current 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 given a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Sensata Technologies’s dividend payout ratio is presently 154.84%.

Analysts Set New Price Targets

ST has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Bank of America upped their price target on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sensata Technologies in a research report on Friday, May 29th. Wells Fargo & Company upped their price target on 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, JPMorgan Chase & Co. upped their price target on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.70.

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.