Summit Investment Advisors Inc. Sells 1,014 Shares of Sensata Technologies Holding plc (NYSE:ST)

Summit Investment Advisors Inc. trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,257 shares of the scientific and technical instruments company’s stock after selling 1,014 shares during the period. Summit Investment Advisors Inc.’s holdings in Sensata Technologies were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Boston Partners increased its position in shares of Sensata Technologies by 11.6% during the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after purchasing an additional 677,316 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sensata Technologies by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock worth $90,393,000 after buying an additional 24,707 shares during the last quarter. Victory Capital Management Inc. raised its position in Sensata Technologies by 5.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company’s stock worth $61,140,000 after acquiring an additional 124,535 shares during the period. Norges Bank purchased a new position in Sensata Technologies in the fourth quarter valued at about $48,580,000. Finally, American Century Companies Inc. grew its position in shares of Sensata Technologies by 19.0% during the 4th quarter. American Century Companies Inc. now owns 1,189,095 shares of the scientific and technical instruments company’s stock valued at $32,581,000 after acquiring an additional 189,560 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Trading Down 1.3 %

Shares of ST opened at $19.73 on Wednesday. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $43.14. The stock has a market cap of $2.95 billion, a PE ratio of 23.48, a P/E/G ratio of 1.25 and a beta of 1.12. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average price is $25.83 and its 200-day moving average price is $29.25.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.43%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ST shares. UBS Group lowered their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Oppenheimer lowered their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $31.00 to $27.00 in a research note on Thursday, April 10th. Finally, Robert W. Baird cut their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.55.

Sensata Technologies Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.