Franklin Resources Inc. Sells 3,540,506 Shares of Sensata Technologies Holding plc (NYSE:ST)

Franklin Resources Inc. lowered its stake in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 63.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,058,264 shares of the scientific and technical instruments company’s stock after selling 3,540,506 shares during the period. Franklin Resources Inc.’s holdings in Sensata Technologies were worth $83,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ST. Ellevest Inc. increased its position in shares of Sensata Technologies by 78.3% in the fourth quarter. Ellevest Inc. now owns 927 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 407 shares during the period. Banque Pictet & Cie SA bought a new position in Sensata Technologies during the 4th quarter valued at approximately $204,000. Goodman Financial Corp lifted its holdings in Sensata Technologies by 18.0% in the 3rd quarter. Goodman Financial Corp now owns 207,885 shares of the scientific and technical instruments company’s stock worth $7,750,000 after buying an additional 31,679 shares during the period. Graypoint LLC bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $342,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Sensata Technologies during the fourth quarter valued at approximately $507,000. Institutional investors own 97.82% of the company’s stock.

Insider Activity at Sensata Technologies

In other news, Director Martha N. Sullivan sold 11,700 shares of Sensata Technologies stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $41.27, for a total value of $482,859.00. Following the completion of the sale, the director now directly owns 201,268 shares in the company, valued at $8,306,330.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Sensata Technologies Stock Down 0.1 %

NYSE:ST opened at $40.58 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.79 and a current ratio of 2.38. The firm has a market cap of $6.19 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.96 and a beta of 1.32. Sensata Technologies Holding plc has a fifty-two week low of $36.64 and a fifty-two week high of $54.34. The firm has a 50-day simple moving average of $44.74 and a two-hundred day simple moving average of $45.60.

Sensata Technologies (NYSE:ST – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The scientific and technical instruments company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $984.76 million. Sensata Technologies had a net margin of 9.25% and a return on equity of 17.67%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts predict that Sensata Technologies Holding plc will post 3.84 earnings per share for the current fiscal year.

Sensata Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were issued a dividend of $0.12 per share. This is an increase from Sensata Technologies’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, May 9th. Sensata Technologies’s dividend payout ratio is presently 19.75%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Sensata Technologies from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Wolfe Research lowered shares of Sensata Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, February 9th. Stifel Nicolaus downgraded shares of Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research note on Wednesday, February 15th. StockNews.com initiated coverage on Sensata Technologies in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Cowen increased their target price on Sensata Technologies from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.83.

Sensata Technologies Profile

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Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments.