Sensata Technologies Holding plc (NYSE:ST) Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 37.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,217 shares of the scientific and technical instruments company's stock after buying an additional 55,511 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Sensata Technologies worth $7,252,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ST. Millennium Management LLC lifted its position in shares of Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Eminence Capital LP boosted its position in Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock valued at $127,998,000 after buying an additional 826,353 shares during the last quarter. Victory Capital Management Inc. boosted its position in Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock valued at $69,350,000 after buying an additional 727,521 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock valued at $173,627,000 after acquiring an additional 658,728 shares in the last quarter. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of Sensata Technologies during the second quarter worth about $16,242,000. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

ST has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. TD Cowen dropped their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Bank of America reduced their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 30th. Oppenheimer dropped their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.00.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded up $1.02 during trading on Friday, hitting $31.89. 1,115,938 shares of the stock were exchanged, compared to its average volume of 1,490,802. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies Holding plc has a 12 month low of $30.43 and a 12 month high of $43.14. The stock's fifty day moving average is $34.49 and its 200 day moving average is $37.25. The stock has a market cap of $4.77 billion, a PE ratio of -59.05, a P/E/G ratio of 0.90 and a beta of 1.25.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $982.80 million during the quarter, compared to analysts' expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. Sensata Technologies's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies's payout ratio is currently -88.89%.

Sensata Technologies Company 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.