Truist Financial Corp Has $19.04 Million Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Posted by Defense World Staff on Aug 8th, 2023

Truist Financial Corp cut its position in Sensata Technologies Holding plc (NYSE:ST – Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,541 shares of the scientific and technical instruments company’s stock after selling 3,750 shares during the period. Truist Financial Corp owned 0.25% of Sensata Technologies worth $19,035,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ellevest Inc. lifted its position in Sensata Technologies by 78.3% in the 4th quarter. Ellevest Inc. now owns 927 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 407 shares in the last quarter. abrdn plc grew its stake in Sensata Technologies by 6.8% in the 4th quarter. abrdn plc now owns 14,775 shares of the scientific and technical instruments company’s stock valued at $597,000 after buying an additional 939 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Sensata Technologies in the 1st quarter valued at approximately $584,000. Banque Pictet & Cie SA purchased a new position in Sensata Technologies in the 4th quarter valued at approximately $204,000. Finally, Illinois Municipal Retirement Fund purchased a new position in Sensata Technologies in the 4th quarter valued at approximately $507,000. 95.32% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

NYSE ST opened at $41.14 on Tuesday. The company has a market capitalization of $6.27 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.99 and a beta of 1.29. The company has a fifty day moving average of $44.01 and a 200-day moving average of $45.97. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.06 and a current ratio of 2.81. Sensata Technologies Holding plc has a 52-week low of $36.64 and a 52-week high of $54.34.

Sensata Technologies (NYSE:ST – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. Sensata Technologies had a net margin of 9.50% and a return on equity of 18.03%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Sensata Technologies Holding plc will post 3.76 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, August 8th. Sensata Technologies’s payout ratio is 18.97%.

Insider Activity

In related news, Director Martha N. Sullivan sold 11,700 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $41.27, for a total transaction of $482,859.00. Following the transaction, the director now owns 201,268 shares in the company, valued at $8,306,330.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ST has been the subject of a number of recent research reports. StockNews.com lowered shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Truist Financial reduced their price target on shares of Sensata Technologies from $52.00 to $48.00 and set a “hold” rating for the company in a research report on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $53.13.

Read Our Latest Stock Analysis on ST

Sensata Technologies Profile

(Free Report)

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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.