International Assets Investment Management LLC Makes New $1.11 Million Investment in Sensata Technologies Holding plc (NYSE:ST)

International Assets Investment Management LLC purchased a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,967 shares of the scientific and technical instruments company’s stock, valued at approximately $1,110,000.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares during the period. Versant Capital Management Inc acquired a new position in shares of Sensata Technologies during the second quarter worth $37,000. Quarry LP boosted its stake in shares of Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC purchased a new stake in Sensata Technologies during the 1st quarter worth $85,000. Finally, First Horizon Advisors Inc. lifted its holdings in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after buying an additional 927 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ST has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 4th. Evercore ISI decreased their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Vertical Research began coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. Finally, Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.40.

Sensata Technologies Stock Down 2.4 %

Shares of NYSE:ST opened at $33.64 on Tuesday. The company has a 50 day moving average of $35.65 and a 200-day moving average of $37.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 841.00, a P/E/G ratio of 1.36 and a beta of 1.25.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s payout ratio is presently 1,200.00%.

About Sensata Technologies

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.