Artisan Partners Limited Partnership Buys 12,582 Shares of Sensata Technologies Holding plc (NYSE:ST)

Artisan Partners Limited Partnership boosted its stake in Sensata Technologies Holding plc (NYSE:ST) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 12,072,967 shares of the scientific and technical instruments company’s stock after acquiring an additional 12,582 shares during the period. Artisan Partners Limited Partnership owned approximately 0.08% of Sensata Technologies worth $330,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Sensata Technologies by 8.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,433 shares of the scientific and technical instruments company’s stock worth $343,000 after purchasing an additional 1,003 shares during the period. Nuance Investments LLC purchased a new position in shares of Sensata Technologies during the 4th quarter worth $6,623,000. Prudential Financial Inc. grew its position in shares of Sensata Technologies by 94.7% during the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after acquiring an additional 103,897 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Sensata Technologies in the 4th quarter worth $866,000. Finally, AXQ Capital LP bought a new position in Sensata Technologies in the 4th quarter worth $540,000. 99.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ST. UBS Group cut their price target on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Oppenheimer reduced their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group lowered their price target 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. Finally, Evercore ISI reduced their price objective on shares of 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 stock. Based on data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average target price of $39.08.

Sensata Technologies Stock Down 1.5 %

ST opened at $27.44 on Thursday. Sensata Technologies Holding plc has a 52 week low of $24.91 and a 52 week 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 firm has a 50-day simple moving average of $27.91 and a two-hundred day simple moving average of $30.81. The company has a market capitalization of $4.10 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20.

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

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. Sensata Technologies’s payout ratio is currently 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.