Artisan Partners Limited Partnership Lowers Stock Position in Sensata Technologies Holding N.V. $ST

Artisan Partners Limited Partnership trimmed its position in Sensata Technologies Holding N.V. (NYSE:ST) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,277,925 shares of the scientific and technical instruments company’s stock after selling 762,193 shares during the period. Artisan Partners Limited Partnership owned approximately 0.09% of Sensata Technologies worth $442,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Sensata Technologies by 659.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 785 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 728 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Sensata Technologies by 244.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 836 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Sensata Technologies by 62.7% during the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 413 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Sensata Technologies during the 4th quarter worth $36,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. The trade was a 13.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Oppenheimer boosted their target price on shares of Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. UBS Group restated a “buy” rating and set a $57.00 target price on shares of Sensata Technologies in a research report on Tuesday, June 2nd. Barclays lowered shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $49.00 to $53.00 in a research report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sensata Technologies in a research note on Friday, May 29th. Four 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 company’s stock. According to data from MarketBeat, Sensata Technologies has an average rating of “Hold” and an average price target of $47.70.

Sensata Technologies Trading Down 2.1%

NYSE:ST opened at $50.28 on Wednesday. The company has a market capitalization of $7.31 billion, a PE ratio of 162.20, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 52-week low of $27.66 and a 52-week high of $53.89. The stock has a fifty day simple moving average of $45.21 and a 200-day simple moving average of $38.51.

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

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 1.0%. Sensata Technologies’s payout ratio is presently 154.84%.

About Sensata Technologies

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.