Paloma Partners Management Co Acquires New Stake in Sensata Technologies Holding PLC (ST)

Paloma Partners Management Co purchased a new position in shares of Sensata Technologies Holding PLC (NYSE:ST) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 39,452 shares of the scientific and technical instruments company’s stock, valued at approximately $1,877,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in Sensata Technologies by 2.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,986,148 shares of the scientific and technical instruments company’s stock worth $94,502,000 after buying an additional 43,669 shares during the period. Wells Fargo & Company MN raised its stake in Sensata Technologies by 6.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,757,621 shares of the scientific and technical instruments company’s stock worth $83,627,000 after buying an additional 111,394 shares during the period. Summit Trail Advisors LLC raised its stake in Sensata Technologies by 5,395.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,523,048 shares of the scientific and technical instruments company’s stock worth $1,523,000 after buying an additional 1,495,334 shares during the period. New York State Common Retirement Fund raised its stake in Sensata Technologies by 22.9% during the 1st quarter. New York State Common Retirement Fund now owns 1,477,336 shares of the scientific and technical instruments company’s stock worth $76,570,000 after buying an additional 275,479 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Sensata Technologies by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,139,701 shares of the scientific and technical instruments company’s stock worth $59,071,000 after buying an additional 11,543 shares during the period.

In other Sensata Technologies news, Director Thomas Wroe, Jr. sold 17,200 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $55.86, for a total transaction of $960,792.00. Following the completion of the transaction, the director now directly owns 25,344 shares of the company’s stock, valued at $1,415,715.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey J. Cote sold 570 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,070 shares of company stock valued at $3,527,776. 2.00% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on ST. Zacks Investment Research raised Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, July 27th. Canaccord Genuity initiated coverage on Sensata Technologies in a research note on Friday, August 3rd. They issued a “buy” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $69.00 price objective on shares of Sensata Technologies in a research note on Tuesday, September 11th. ValuEngine downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Morgan Stanley downgraded Sensata Technologies from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $55.00 to $47.00 in a research note on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $59.00.

ST stock opened at $46.93 on Tuesday. The company has a market capitalization of $8.49 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65. Sensata Technologies Holding PLC has a 12-month low of $46.09 and a 12-month high of $57.40.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $914.00 million during the quarter, compared to analyst estimates of $906.90 million. Sensata Technologies had a return on equity of 25.09% and a net margin of 13.09%. Sensata Technologies’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Analysts anticipate that Sensata Technologies Holding PLC will post 3.68 earnings per share for the current fiscal year.

Sensata Technologies Profile

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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