Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,166 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,517 shares during the period. Advisors Asset Management Inc.’s holdings in Sensata Technologies were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Sensata Technologies by 266.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 300,486 shares of the scientific and technical instruments company’s stock valued at $11,040,000 after acquiring an additional 218,486 shares in the last quarter. National Bank of Canada FI grew its stake in Sensata Technologies by 1,585.8% during the 1st quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock worth $25,884,000 after buying an additional 662,728 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in Sensata Technologies during the 1st quarter worth $28,969,000. Mirova grew its stake in Sensata Technologies by 826.2% during the 1st quarter. Mirova now owns 14,939 shares of the scientific and technical instruments company’s stock worth $549,000 after buying an additional 13,326 shares during the last quarter. Finally, Covestor Ltd grew its stake in Sensata Technologies by 130.1% during the 1st quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock worth $140,000 after buying an additional 2,157 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sensata Technologies

In related news, Director Ali John Mirshekari bought 73,137 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ST shares. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target for the company. Robert W. Baird upped their price objective on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Jefferies Financial Group started coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $44.00 to $60.00 in a report on Monday, May 6th. Finally, Stifel Nicolaus upped their target price on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.90.

Sensata Technologies Stock Up 2.6 %

Shares of Sensata Technologies stock opened at $38.23 on Friday. The stock has a 50-day moving average price of $39.49 and a 200 day moving average price of $37.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $43.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period in the prior year, the firm posted $0.92 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.32%.

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.