Bridgewater Associates LP Buys 23,379 Shares of Sensata Technologies Holding plc (NYSE:ST)

Bridgewater Associates LP grew its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 220.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 33,965 shares of the scientific and technical instruments company’s stock after acquiring an additional 23,379 shares during the quarter. Bridgewater Associates LP’s holdings in Sensata Technologies were worth $931,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC boosted its position in shares of Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 817 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after acquiring an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Sensata Technologies by 524.8% during the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company’s stock valued at $76,000 after purchasing an additional 2,325 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of research analyst reports. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.55.

Sensata Technologies Stock Performance

NYSE:ST opened at $19.39 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of 23.08, a P/E/G ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a 50 day simple moving average of $25.44 and a two-hundred day simple moving average of $28.96.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 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.