New England Research & Management Inc. reduced its stake in shares of Sensata Technologies Holding PLC (NYSE:ST) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,525 shares of the scientific and technical instruments company’s stock after selling 550 shares during the period. New England Research & Management Inc.’s holdings in Sensata Technologies were worth $834,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Sensata Technologies by 38.8% in the fourth quarter. FMR LLC now owns 5,992,586 shares of the scientific and technical instruments company’s stock valued at $268,708,000 after buying an additional 1,675,101 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Sensata Technologies by 144.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,816,416 shares of the scientific and technical instruments company’s stock valued at $126,288,000 after buying an additional 1,663,489 shares in the last quarter. Norges Bank bought a new position in Sensata Technologies during the fourth quarter worth $72,950,000. Clearbridge Investments LLC boosted its position in Sensata Technologies by 3,764.0% during the third quarter. Clearbridge Investments LLC now owns 1,171,763 shares of the scientific and technical instruments company’s stock worth $58,061,000 after purchasing an additional 1,141,438 shares during the period. Finally, Consulta Ltd bought a new position in Sensata Technologies during the fourth quarter worth $29,146,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.
In other Sensata Technologies news, insider Jeffrey J. Cote sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Martha N. Sullivan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $46.65, for a total value of $2,332,500.00. The disclosure for this sale can be found here. Insiders sold 215,000 shares of company stock worth $10,548,600 over the last quarter. 2.00% of the stock is currently owned by company insiders.
Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.04). Sensata Technologies had a return on equity of 24.94% and a net margin of 17.01%. The firm had revenue of $847.90 million for the quarter, compared to the consensus estimate of $866.27 million. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Sensata Technologies Holding PLC will post 3.97 earnings per share for the current fiscal year.
A number of equities analysts have commented on ST shares. Zacks Investment Research cut shares of Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. ValuEngine downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. downgraded Sensata Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $57.00 in a report on Monday. Jefferies Financial Group lifted their target price on Sensata Technologies from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, SunTrust Banks boosted their price target on Sensata Technologies to $54.00 and gave the company a “hold” rating in a research note on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.67.
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About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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