Bank of New York Mellon Corp Reduces Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Bank of New York Mellon Corp cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,277,979 shares of the scientific and technical instruments company’s stock after selling 22,906 shares during the period. Bank of New York Mellon Corp owned approximately 0.85% of Sensata Technologies worth $35,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ST. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sensata Technologies by 20.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,172 shares of the scientific and technical instruments company’s stock valued at $544,000 after purchasing an additional 2,621 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Sensata Technologies by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,535 shares of the scientific and technical instruments company’s stock valued at $628,000 after buying an additional 1,190 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after buying an additional 602 shares during the period. Easterly Investment Partners LLC boosted its position in Sensata Technologies by 5.0% in the 3rd quarter. Easterly Investment Partners LLC now owns 239,878 shares of the scientific and technical instruments company’s stock valued at $8,602,000 after buying an additional 11,438 shares during the period. Finally, Assetmark Inc. boosted its position in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Evercore ISI reduced their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, The Goldman Sachs Group reduced their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $39.08.

Sensata Technologies Price Performance

Shares of ST stock opened at $28.70 on Friday. The company has a market capitalization of $4.29 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. The firm has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $31.75. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a twelve month low of $24.91 and a twelve 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 analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Equities research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.67%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

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.