T. Rowe Price Reports 9.91M Sensata Shares (6.8% Ownership)
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. reports beneficial ownership of 9,913,988 shares of Sensata Technologies Holding common stock (CUSIP G8060N102), representing 6.8% of the class. The filing shows 9,876,080 shares as sole voting power and 9,913,988 as sole dispositive power, with 0 shared voting or dispositive power. The reporting person is identified as an investment adviser (IA) organized in Maryland and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. No group members or subsidiaries are identified.
Positive
- Beneficial ownership disclosed: 9,913,988 shares, representing 6.8% of the class
- Sole control reported: 9,876,080 shares sole voting power and 9,913,988 sole dispositive power
- Filer classification: Identified as an investment adviser (IA) and certifies holdings are in the ordinary course of business
Negative
- None.
Insights
TL;DR: T. Rowe Price holds a material 6.8% stake in Sensata with full sole voting and dispositive power reported.
The Schedule 13G/A discloses that T. Rowe Price Associates beneficially owns 9,913,988 shares, equal to 6.8% of Sensata's class of common stock. The filing attributes 9,876,080 shares of sole voting power and the same 9,913,988 in sole dispositive power, with no shared control reported. As an identified investment adviser (IA), the filer states these holdings were acquired and are held in the ordinary course of business and not to influence control, which frames this as a disclosure of position rather than an activist move.
TL;DR: A significant passive stake is disclosed; the filer denies any intent to influence corporate control.
The statement affirms T. Rowe Price's position as an IA with sole voting and dispositive authority over the reported shares and explicitly certifies the holding is not for changing control. The filing does not identify any group or subsidiary acting with the filer, and it records 0 shared voting/dispositive power. From a governance perspective, this is a material disclosure of ownership but contains no indication in the document of coordinated control or governance actions.