Raymond James Financial Inc. Invests $5.64 Million in Sensata Technologies Holding plc (NYSE:ST)

Raymond James Financial Inc. acquired a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 4th quarter, Holdings Channel reports. The fund acquired 205,816 shares of the scientific and technical instruments company’s stock, valued at approximately $5,639,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Sensata Technologies by 0.5% during the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock worth $348,666,000 after buying an additional 45,513 shares during the last quarter. State Street Corp boosted its holdings in shares of Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after acquiring an additional 23,946 shares in the last quarter. FMR LLC grew its position in Sensata Technologies by 18.9% during the 3rd quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after acquiring an additional 618,202 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sensata Technologies by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock worth $90,393,000 after purchasing an additional 24,707 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Sensata Technologies by 5.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company’s stock valued at $61,140,000 after purchasing an additional 124,535 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ST has been the topic of several research reports. Oppenheimer reduced their price target on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group decreased their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Evercore ISI dropped their price target 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.08.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $27.79 on Tuesday. 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 capitalization of $4.16 billion, a PE ratio of 33.08, a P/E/G ratio of 1.25 and a beta of 1.20. The firm has a fifty day simple moving average of $27.92 and a 200 day simple moving average of $30.88. Sensata Technologies Holding plc has a twelve month low of $24.91 and a twelve month high of $43.14.

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

Sensata Technologies Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 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.