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

Oppenheimer Asset Management Inc. lowered its position in 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 & 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 quarter. Oppenheimer Asset Management Inc.’s holdings in Sensata Technologies were worth $4,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ST. Blue Trust Inc. raised its position in shares of Sensata Technologies by 738.7% during the 4th 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 during the last quarter. Quarry LP increased its position in Sensata Technologies by 61.2% during the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock worth $61,000 after buying an additional 651 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Sensata Technologies by 67.6% in the fourth 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 during the last quarter. Assetmark Inc. lifted its position in shares of 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 acquired a new stake in shares of Sensata Technologies during the fourth quarter valued at $104,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Trading Up 0.3 %

ST 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 company has a market cap of $4.32 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.25 and a beta of 1.23. The business has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $32.04. Sensata Technologies Holding plc has a 52 week low of $24.91 and a 52 week high of $43.14.

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

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 1.66%. Sensata Technologies’s payout ratio is 57.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ST. Robert W. Baird cut their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus cut their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. UBS Group decreased their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Truist Financial cut their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen reduced their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.