Cullen Capital Management LLC Purchases 590 Shares of Sensata Technologies Holding plc (NYSE:ST)

Cullen Capital Management LLC lifted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 31,111 shares of the scientific and technical instruments company’s stock after buying an additional 590 shares during the quarter. Cullen Capital Management LLC’s holdings in Sensata Technologies were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Sensata Technologies in the fourth quarter valued at about $27,000. Quarry LP grew its stake in shares of Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares in the last quarter. Venturi Wealth Management LLC increased its position in Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 817 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Sensata Technologies by 48.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 820 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ST shares. Evercore ISI cut shares of Sensata Technologies from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $40.00 to $27.00 in a report on Thursday. UBS Group lowered their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their price objective on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and an average price target of $38.00.

Sensata Technologies Price Performance

Shares of ST stock opened at $18.68 on Friday. The business has a fifty day simple moving average of $27.16 and a 200 day simple moving average of $30.25. The company has a market cap of $2.79 billion, a P/E ratio of 22.23, 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. Sensata Technologies Holding plc has a twelve month low of $17.51 and a twelve month high of $43.14.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS 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, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. Sensata Technologies’s payout ratio is presently 57.14%.

About Sensata Technologies

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.