Sensata Technologies Holding plc (NYSE:ST) Stake Cut by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its stake in Sensata Technologies Holding plc (NYSE:ST) by 44.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,391 shares of the scientific and technical instruments company’s stock after selling 1,133 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sensata Technologies were worth $38,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Merewether Investment Management LP acquired a new position in Sensata Technologies during the third quarter worth about $25,446,000. FMR LLC increased its holdings in shares of Sensata Technologies by 18.9% in 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 period. Loomis Sayles & Co. L P acquired a new position in shares of Sensata Technologies in the 3rd quarter valued at about $9,791,000. JPMorgan Chase & Co. grew its stake in shares of Sensata Technologies by 66.7% in 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 buying an additional 264,334 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Sensata Technologies by 13.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock valued at $75,551,000 after buying an additional 252,061 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Trading Down 2.2 %

Shares of ST stock opened at $28.75 on Friday. The firm has a market capitalization of $4.30 billion, a P/E ratio of 34.22, a P/E/G ratio of 1.25 and a beta of 1.23. Sensata Technologies Holding plc has a twelve month low of $24.91 and a twelve month high of $43.14. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $27.92 and its 200 day simple moving average is $32.12.

Sensata Technologies (NYSE:ST) last released 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, sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ST shares. Oppenheimer decreased their target price 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. Evercore ISI cut their target price 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. Stifel Nicolaus dropped their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Truist Financial dropped their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group decreased their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.08.

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.