31,000 Shares in Sensata Technologies Holding N.V. $ST Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in Sensata Technologies Holding N.V. (NYSE:ST) in the 4th quarter, HoldingsChannel reports. The firm purchased 31,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,032,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in Sensata Technologies by 31.1% in the fourth quarter. Covestor Ltd now owns 5,622 shares of the scientific and technical instruments company’s stock worth $187,000 after acquiring an additional 1,334 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sensata Technologies by 17.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,935 shares of the scientific and technical instruments company’s stock valued at $364,000 after buying an additional 1,597 shares during the period. Larson Financial Group LLC boosted its position in shares of Sensata Technologies by 227.9% during the fourth quarter. Larson Financial Group LLC now owns 1,446 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 1,005 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Sensata Technologies by 113.5% during the fourth quarter. Handelsbanken Fonder AB now owns 487,232 shares of the scientific and technical instruments company’s stock valued at $16,220,000 after buying an additional 258,997 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Sensata Technologies by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 8,474 shares of the scientific and technical instruments company’s stock valued at $282,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird boosted their target price on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Oppenheimer boosted their target price on Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. UBS Group boosted their target price on Sensata Technologies from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on Sensata Technologies from $37.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.60.

Insider Buying and Selling

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s 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 completion of the transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $46.42 on Wednesday. The company has a 50 day moving average price of $39.02 and a 200-day moving average price of $35.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. Sensata Technologies Holding N.V. has a fifty-two week low of $24.69 and a fifty-two week high of $49.36. The company has a market capitalization of $6.75 billion, a PE ratio of 149.74, a P/E/G ratio of 1.38 and a beta of 1.21.

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

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. Sensata Technologies’s payout ratio is 154.84%.

Sensata Technologies Company 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.