Raymond James Financial Inc. Buys New Shares in Sensata Technologies Holding plc (NYSE:ST)

Raymond James Financial Inc. purchased a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 205,816 shares of the scientific and technical instruments company’s stock, valued at approximately $5,639,000. Raymond James Financial Inc. owned approximately 0.14% of Sensata Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Merewether Investment Management LP bought a new position in shares of Sensata Technologies during the 3rd quarter worth approximately $25,446,000. FMR LLC lifted its holdings in Sensata Technologies by 18.9% during the 3rd quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after purchasing an additional 618,202 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Sensata Technologies during the third quarter worth $9,791,000. JPMorgan Chase & Co. increased its holdings in shares of Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after purchasing an additional 264,334 shares during the last quarter. Finally, Kempner Capital Management Inc. raised its position in shares of Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after purchasing an additional 146,449 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ST. The Goldman Sachs Group reduced their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Oppenheimer reduced their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. UBS Group lowered their target price on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Evercore ISI reduced their price target on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.08.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $27.79 on Tuesday. The business has a fifty day moving average price of $27.92 and a two-hundred day moving average price of $30.88. The stock has a market capitalization of $4.16 billion, a PE ratio of 33.08, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies Holding plc has a fifty-two week low of $24.91 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 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%. As a group, equities analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

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.