Oppenheimer Asset Management Inc. Decreases Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Oppenheimer Asset Management Inc. lowered its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 58.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,035 shares of the scientific and technical instruments company’s stock after selling 206,453 shares during the period. Oppenheimer Asset Management Inc. owned 0.10% of Sensata Technologies worth $4,001,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings 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 purchasing an additional 820 shares in the last quarter. Venturi Wealth Management LLC raised its stake in 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. Quarry LP lifted its position in Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares during the last quarter. Assetmark Inc. boosted its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 416 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Sensata Technologies during the fourth quarter worth about $104,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Up 0.3 %

Shares of Sensata Technologies stock opened at $28.86 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. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. Sensata Technologies Holding plc has a 52-week low of $24.91 and a 52-week high of $43.14. The company’s 50-day simple moving average is $27.95 and its 200-day simple moving average is $32.04.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting 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, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Sensata Technologies’s payout ratio is currently 57.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. UBS Group reduced their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Truist Financial lowered their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. 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. Finally, TD Cowen lowered their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.08.

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.