Norges Bank Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

Norges Bank purchased a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,773,000 shares of the scientific and technical instruments company’s stock, valued at approximately $48,580,000. Norges Bank owned about 1.19% of Sensata Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Boston Partners raised its stake in Sensata Technologies by 11.6% in the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after acquiring an additional 677,316 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Sensata Technologies by 54.6% in the fourth quarter. Sei Investments Co. now owns 756,476 shares of the scientific and technical instruments company’s stock valued at $20,728,000 after purchasing an additional 267,318 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after purchasing an additional 264,334 shares during the last quarter. Nuance Investments LLC acquired a new stake in shares of Sensata Technologies during the fourth quarter worth about $6,623,000. Finally, Raymond James Financial Inc. purchased a new stake in Sensata Technologies in the fourth quarter valued at approximately $5,639,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group reduced their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Oppenheimer lowered 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. Finally, Evercore ISI lowered Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $40.00 to $27.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.00.

Sensata Technologies Price Performance

NYSE:ST opened at $18.68 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 52 week low of $17.51 and a 52 week high of $43.14. The stock’s 50-day moving average price is $27.16 and its 200-day moving average price is $30.28. The stock has a market capitalization of $2.79 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS 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%. As a group, equities analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 57.14%.

Sensata Technologies Company 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.