Diamond Hill Capital Management Inc. Decreases Stake in Sensata Technologies Holding plc (NYSE:ST)

Diamond Hill Capital Management Inc. cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 39.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 813,672 shares of the scientific and technical instruments company's stock after selling 526,612 shares during the period. Diamond Hill Capital Management Inc. owned about 0.54% of Sensata Technologies worth $29,178,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ST. GAMMA Investing LLC increased its holdings in shares of Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Sensata Technologies in the second quarter valued at $37,000. Quarry LP increased its holdings in shares of Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 738 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Sensata Technologies in the first quarter valued at $85,000. Finally, First Horizon Advisors Inc. grew its position in Sensata Technologies by 57.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company's stock worth $95,000 after purchasing an additional 927 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ST shares. Truist Financial lowered their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a report on Tuesday, November 5th. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, November 5th. Bank of America reduced their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, July 30th. Finally, Oppenheimer reduced their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $41.00.

Sensata Technologies Stock Down 1.1 %

Shares of NYSE:ST traded down $0.38 during midday trading on Monday, hitting $32.71. The stock had a trading volume of 370,390 shares, compared to its average volume of 1,853,261. Sensata Technologies Holding plc has a 12 month low of $30.85 and a 12 month high of $43.14. The company has a quick ratio of 1.31, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The business's 50-day simple moving average is $35.24 and its 200-day simple moving average is $37.67. The company has a market cap of $4.89 billion, a P/E ratio of -61.17, a PEG ratio of 0.96 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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.86. The company had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. On average, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.47%. Sensata Technologies's dividend payout ratio (DPR) is presently -88.89%.

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.