Bank of New York Mellon Corp Boosts Stock Holdings in Sensata Technologies Holding N.V. $ST

Bank of New York Mellon Corp lifted its position in shares of Sensata Technologies Holding N.V. (NYSE:ST) by 29.8% in the first quarter, HoldingsChannel.com reports. The firm owned 1,356,087 shares of the scientific and technical instruments company’s stock after purchasing an additional 311,424 shares during the period. Bank of New York Mellon Corp’s holdings in Sensata Technologies were worth $47,761,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ST. Goldman Sachs Group Inc. raised its holdings in Sensata Technologies by 107.8% in the first quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock worth $10,172,000 after purchasing an additional 217,418 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Sensata Technologies during the first quarter valued at $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Sensata Technologies by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock worth $12,280,000 after buying an additional 55,045 shares in the last quarter. Cetera Investment Advisers raised its position in Sensata Technologies by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock worth $705,000 after buying an additional 2,472 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Sensata Technologies during the 2nd quarter valued at about $750,000. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ST has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group reaffirmed a “buy” rating and set a $57.00 price target on shares of Sensata Technologies in a research report on Tuesday, June 2nd. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $58.00 in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Finally, Bank of America increased their price target on shares of Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.60.

Insider Buying and Selling

In related news, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the transaction, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. The trade was a 13.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $45.62 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 12-month low of $28.16 and a 12-month high of $53.89. The firm’s 50-day moving average price is $47.98 and its 200-day moving average price is $41.01. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 147.17, a P/E/G ratio of 1.31 and a beta of 1.27.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The firm had revenue of $934.80 million during the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. On average, equities research analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. Sensata Technologies’s dividend payout ratio is presently 154.84%.

Sensata Technologies Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.