Sensata Technologies Holding plc (NYSE:ST) Shares Acquired by State Street Corp

State Street Corp lifted its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,470,903 shares of the scientific and technical instruments company's stock after purchasing an additional 23,946 shares during the quarter. State Street Corp owned 3.66% of Sensata Technologies worth $196,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ST. Millennium Management LLC boosted its stake in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock valued at $189,158,000 after purchasing an additional 2,321,782 shares during the last quarter. Easterly Investment Partners LLC increased its holdings in Sensata Technologies by 3.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company's stock worth $8,541,000 after buying an additional 8,088 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sensata Technologies by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company's stock worth $52,587,000 after buying an additional 122,795 shares during the last quarter. Sei Investments Co. lifted its stake in Sensata Technologies by 24.9% during the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company's stock valued at $17,142,000 after acquiring an additional 91,452 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sensata Technologies during the 2nd quarter valued at about $469,000. Institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Performance

ST traded up $0.02 during midday trading on Friday, reaching $30.47. The company had a trading volume of 517,706 shares, compared to its average volume of 1,833,337. The business has a 50-day moving average of $33.38 and a two-hundred day moving average of $36.20. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies Holding plc has a 1 year low of $30.05 and a 1 year high of $43.14. The company has a market cap of $4.56 billion, a P/E ratio of -56.92, a P/E/G ratio of 0.89 and a beta of 1.22.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly 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. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business had revenue of $982.80 million for the quarter, compared to analysts' expectations of $983.93 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.58%. Sensata Technologies's payout ratio is presently -88.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ST. Evercore ISI decreased their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group cut their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Oppenheimer lowered their price target on Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Robert W. Baird cut their price objective on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.00.

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.