Norges Bank Takes $48.58 Million Position in Sensata Technologies Holding plc (NYSE:ST)

Norges Bank purchased a new position in Sensata Technologies Holding plc (NYSE:ST) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,773,000 shares of the scientific and technical instruments company’s stock, valued at approximately $48,580,000.

Several other large investors have also recently made changes to their positions in ST. Boston Partners boosted its stake in Sensata Technologies by 11.6% during the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after purchasing an additional 677,316 shares during the last quarter. Sei Investments Co. boosted its position in Sensata Technologies by 54.6% during the fourth quarter. Sei Investments Co. now owns 756,476 shares of the scientific and technical instruments company’s stock worth $20,728,000 after acquiring an additional 267,318 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after acquiring an additional 264,334 shares in the last quarter. Nuance Investments LLC acquired a new stake in Sensata Technologies in the 4th quarter valued at about $6,623,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Sensata Technologies during the 4th quarter worth approximately $5,639,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock opened at $18.68 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. The business has a 50-day moving average of $27.16 and a 200 day moving average of $30.28. Sensata Technologies Holding plc has a 12 month low of $17.51 and a 12 month high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a yield of 2.57%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ST shares. UBS Group cut their target price on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the stock from $40.00 to $27.00 in a report on Thursday. Finally, Oppenheimer lowered their price objective 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Sensata Technologies 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.