Pictet Asset Management Holding SA Purchases 4,899 Shares of Sensata Technologies Holding plc (NYSE:ST)

Pictet Asset Management Holding SA boosted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,742 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,899 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sensata Technologies were worth $705,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Sensata Technologies in the 4th quarter valued at approximately $48,580,000. Boston Partners grew its holdings in Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after purchasing an additional 677,316 shares during the last quarter. Sei Investments Co. raised its position 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. lifted 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 buying an additional 264,334 shares during the last quarter. Finally, Nuance Investments LLC bought a new stake in shares of Sensata Technologies during the 4th quarter worth $6,623,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ST. Oppenheimer dropped their target price 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. The Goldman Sachs Group cut their price objective on 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 lowered their target price on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Evercore ISI lowered Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $38.00.

Sensata Technologies Price Performance

NYSE:ST opened at $18.87 on Tuesday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.25 and a beta of 1.12. The company has a 50-day moving average of $26.97 and a 200-day moving average of $30.09. Sensata Technologies Holding plc has a 52 week low of $17.51 and a 52 week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

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

Sensata Technologies Dividend Announcement

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. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.54%. Sensata Technologies’s payout ratio is presently 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.