B. Riley Wealth Advisors Inc. Sells 490 Shares of Sensata Technologies Holding plc (NYSE:ST)

B. Riley Wealth Advisors Inc. trimmed its stake in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,087 shares of the scientific and technical instruments company’s stock after selling 490 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sensata Technologies were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in shares of Sensata Technologies by 125.4% during the third quarter. IFP Advisors Inc now owns 453 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 252 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Sensata Technologies during the second quarter valued at $54,000. Wahed Invest LLC bought a new position in shares of Sensata Technologies during the second quarter valued at $61,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Sensata Technologies by 87.3% during the third quarter. Rockefeller Capital Management L.P. now owns 2,130 shares of the scientific and technical instruments company’s stock valued at $79,000 after purchasing an additional 993 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Sensata Technologies during the first quarter valued at $202,000. 97.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ST. Jefferies Financial Group raised Sensata Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $43.00 to $54.00 in a report on Tuesday, November 22nd. Wolfe Research cut Sensata Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 9th. Stifel Nicolaus cut Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Wednesday, February 15th. Robert W. Baird upped their price target on Sensata Technologies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Finally, Citigroup upped their price target on Sensata Technologies from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Insider Activity at Sensata Technologies

In related news, CEO Jeffrey J. Cote sold 41,816 shares of the stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $45.00, for a total transaction of $1,881,720.00. Following the completion of the transaction, the chief executive officer now directly owns 141,024 shares of the company’s stock, valued at $6,346,080. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Sensata Technologies Stock Performance

NYSE:ST opened at $45.63 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.81 and a debt-to-equity ratio of 1.28. Sensata Technologies Holding plc has a 12-month low of $36.64 and a 12-month high of $54.34. The stock has a 50-day moving average price of $49.03 and a 200 day moving average price of $43.94. The stock has a market capitalization of $6.96 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.12 and a beta of 1.33.

Sensata Technologies (NYSE:ST – Get Rating) last released its earnings results on Tuesday, January 31st. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Sensata Technologies had a return on equity of 17.29% and a net margin of 7.71%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $998.02 million. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.77 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, February 7th. Sensata Technologies’s payout ratio is presently 21.89%.

Sensata Technologies Profile

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Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments.