Geode Capital Management LLC Trims Stake in Sensata Technologies Holding plc (NYSE:ST)

Geode Capital Management LLC cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,514,273 shares of the scientific and technical instruments company’s stock after selling 5,789 shares during the quarter. Geode Capital Management LLC’s holdings in Sensata Technologies were worth $68,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Sensata Technologies during the fourth quarter valued at about $27,000. Pictet Asset Management Holding SA increased its holdings in Sensata Technologies by 23.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,742 shares of the scientific and technical instruments company’s stock valued at $705,000 after purchasing an additional 4,899 shares during the last quarter. Norges Bank acquired a new stake in Sensata Technologies in the 4th quarter valued at approximately $48,580,000. Easterly Investment Partners LLC raised its position in Sensata Technologies by 4.4% in the fourth quarter. Easterly Investment Partners LLC now owns 250,323 shares of the scientific and technical instruments company’s stock valued at $6,859,000 after purchasing an additional 10,445 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in Sensata Technologies by 11.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 305,212 shares of the scientific and technical instruments company’s stock worth $8,363,000 after purchasing an additional 32,151 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Stock Up 0.4 %

Shares of NYSE ST opened at $19.53 on Friday. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $43.14. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. 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 business has a 50-day moving average of $26.06 and a two-hundred day moving average of $29.49.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) 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%. On average, analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal 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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is 57.14%.

Analyst Upgrades and Downgrades

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

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.