Illinois Municipal Retirement Fund Increases Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Illinois Municipal Retirement Fund raised its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 90.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,599 shares of the scientific and technical instruments company's stock after purchasing an additional 27,291 shares during the period. Illinois Municipal Retirement Fund's holdings in Sensata Technologies were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company's stock worth $196,187,000 after buying an additional 23,946 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after buying an additional 264,334 shares during the period. Loomis Sayles & Co. L P purchased a new stake in shares of Sensata Technologies in the third quarter worth approximately $9,791,000. International Assets Investment Management LLC purchased a new stake in shares of Sensata Technologies in the third quarter worth approximately $1,110,000. Finally, Kempner Capital Management Inc. raised its holdings in shares of Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company's stock worth $5,728,000 after buying an additional 146,449 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ST shares. JPMorgan Chase & Co. decreased their target price on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Truist Financial cut their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Evercore ISI reduced their price target on Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus decreased their price objective on Sensata Technologies from $43.00 to $38.00 and set a "hold" 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 given a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and an average target price of $39.08.

Sensata Technologies Price Performance

Sensata Technologies stock traded up $0.58 during trading on Wednesday, reaching $27.11. The company had a trading volume of 1,803,056 shares, compared to its average volume of 1,656,034. The firm's 50-day simple moving average is $27.92 and its 200 day simple moving average is $31.83. Sensata Technologies Holding plc has a 1-year low of $24.91 and a 1-year high of $43.14. The firm has a market capitalization of $4.05 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.

Sensata Technologies 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.