OLD National Bancorp IN Has $449,000 Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Posted by Defense World Staff on Apr 25th, 2023

OLD National Bancorp IN increased its position in shares of Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,116 shares of the scientific and technical instruments company’s stock after buying an additional 524 shares during the quarter. OLD National Bancorp IN’s holdings in Sensata Technologies were worth $449,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Sensata Technologies by 125.4% during the 3rd quarter. IFP Advisors Inc now owns 453 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 252 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Sensata Technologies by 87.3% in the third quarter. Rockefeller Capital Management L.P. now owns 2,130 shares of the scientific and technical instruments company’s stock worth $79,000 after purchasing an additional 993 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Sensata Technologies by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 3,323 shares of the scientific and technical instruments company’s stock worth $134,000 after purchasing an additional 555 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Sensata Technologies in the first quarter worth approximately $202,000. Finally, Xponance Inc. bought a new position in shares of Sensata Technologies in the fourth quarter valued at approximately $216,000. 97.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ST has been the subject of several recent analyst reports. Stifel Nicolaus lowered Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a report on Wednesday, February 15th. Robert W. Baird increased their price objective on Sensata Technologies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Wolfe Research downgraded Sensata Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 9th. Cowen lifted their price objective on Sensata Technologies from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. Finally, TheStreet raised Sensata Technologies from a “c+” rating to a “b-” rating in a research note on Monday, January 30th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.69.

Sensata Technologies Price Performance

NYSE ST opened at $47.87 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.81 and a current ratio of 2.35. The firm’s 50 day moving average price is $48.82 and its 200-day moving average price is $45.32. Sensata Technologies Holding plc has a 52-week low of $36.64 and a 52-week high of $54.34. The company has a market cap of $7.30 billion, a PE ratio of 23.82, a P/E/G ratio of 1.15 and a beta of 1.32.

Sensata Technologies (NYSE:ST – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $998.02 million. Sensata Technologies had a net margin of 7.71% and a return on equity of 17.29%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Sell-side analysts forecast that Sensata Technologies Holding plc will post 3.77 EPS for the current fiscal year.

Sensata Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Sensata Technologies’s previous quarterly dividend of $0.11. Sensata Technologies’s dividend payout ratio is 21.89%.

About Sensata Technologies

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Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments.