Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Posted by on May 6th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,218 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,793 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sensata Technologies were worth $2,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ST. IFP Advisors Inc increased its holdings in shares of Sensata Technologies by 125.4% in the third quarter. IFP Advisors Inc now owns 453 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 252 shares during the period. Ellevest Inc. increased its holdings in shares of Sensata Technologies by 78.3% in the fourth quarter. Ellevest Inc. now owns 927 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 407 shares during the period. Rockefeller Capital Management L.P. increased its holdings 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 valued at $79,000 after purchasing an additional 993 shares during the period. Harbor Investment Advisory LLC increased its holdings 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 valued at $134,000 after purchasing an additional 555 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in shares of Sensata Technologies in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

Sensata Technologies Stock Up 2.0 %

Shares of NYSE:ST opened at $41.56 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.38 and a debt-to-equity ratio of 1.19. Sensata Technologies Holding plc has a 52-week low of $36.64 and a 52-week high of $54.34. The stock’s fifty day simple moving average is $47.16 and its 200-day simple moving average is $45.52. The company has a market capitalization of $6.35 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.96 and a beta of 1.32.

Sensata Technologies (NYSE:ST – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The scientific and technical instruments company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. Sensata Technologies had a return on equity of 17.67% and a net margin of 9.25%. The business had revenue of $998.20 million for the quarter, compared to the consensus estimate of $984.76 million. During the same period in the prior year, the business earned $0.78 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.84 earnings per share for the current fiscal year.

Sensata Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th will be given a $0.12 dividend. This is an increase from Sensata Technologies’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, May 9th. Sensata Technologies’s dividend payout ratio is currently 18.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ST shares. Stifel Nicolaus lowered Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Wednesday, February 15th. Cowen upped 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. StockNews.com started coverage on Sensata Technologies in a report on Thursday, March 16th. They set a “buy” rating on the stock. Robert W. Baird upped their price objective on Sensata Technologies from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Finally, Citigroup upped their price objective on Sensata Technologies from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $53.83.

Sensata Technologies Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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