Handelsbanken Fonder AB Purchases 258,997 Shares of Sensata Technologies Holding N.V. $ST

Handelsbanken Fonder AB increased its position in shares of Sensata Technologies Holding N.V. (NYSE:ST) by 113.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 487,232 shares of the scientific and technical instruments company’s stock after acquiring an additional 258,997 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sensata Technologies were worth $16,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Inscription Capital LLC boosted its stake in Sensata Technologies by 1.4% during the 4th quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock worth $930,000 after acquiring an additional 393 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Sensata Technologies by 3.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock worth $335,000 after acquiring an additional 397 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Sensata Technologies by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company’s stock worth $285,000 after acquiring an additional 426 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Sensata Technologies by 6.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,092 shares of the scientific and technical instruments company’s stock worth $217,000 after acquiring an additional 438 shares during the last quarter. Finally, Van Den Berg Management I Inc. boosted its stake in Sensata Technologies by 0.4% during the 3rd quarter. Van Den Berg Management I Inc. now owns 124,548 shares of the scientific and technical instruments company’s stock worth $3,805,000 after acquiring an additional 474 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of ST stock opened at $47.72 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. The company has a market capitalization of $6.94 billion, a P/E ratio of 153.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. The company’s 50 day moving average price is $39.31 and its two-hundred day moving average price is $35.90. Sensata Technologies Holding N.V. has a 52 week low of $24.69 and a 52 week high of $49.36.

Sensata Technologies (NYSE:ST) last announced its 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 for the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. Sensata Technologies’s dividend payout ratio (DPR) is 154.84%.

Insider Activity

In other news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares in the company, valued at $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. UBS Group raised their target price on shares of Sensata Technologies from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $43.00 to $58.00 in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $44.60.

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.