Teacher Retirement System of Texas lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST – Free Report) by 32.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,534 shares of the scientific and technical instruments company’s stock after selling 5,479 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sensata Technologies were worth $519,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mariner LLC increased its stake in Sensata Technologies by 1.5% during the 1st quarter. Mariner LLC now owns 17,405 shares of the scientific and technical instruments company’s stock valued at $885,000 after purchasing an additional 261 shares in the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of Sensata Technologies by 2.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 13,809 shares of the scientific and technical instruments company’s stock worth $691,000 after acquiring an additional 275 shares in the last quarter. M&T Bank Corp grew its stake in shares of Sensata Technologies by 5.9% in the 3rd quarter. M&T Bank Corp now owns 6,250 shares of the scientific and technical instruments company’s stock worth $233,000 after acquiring an additional 350 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Sensata Technologies by 2.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,833 shares of the scientific and technical instruments company’s stock worth $918,000 after acquiring an additional 374 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Sensata Technologies by 13.4% in the 1st quarter. Advisory Services Network LLC now owns 3,378 shares of the scientific and technical instruments company’s stock worth $169,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 96.46% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on ST shares. Stifel Nicolaus reduced their target price on shares of Sensata Technologies from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, September 28th. TheStreet lowered shares of Sensata Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Truist Financial reduced their target price on shares of Sensata Technologies from $48.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, October 5th. Robert W. Baird reduced their price target on shares of Sensata Technologies from $49.00 to $44.00 in a research report on Thursday, September 28th. Finally, StockNews.com initiated coverage on shares of Sensata Technologies in a research report on Thursday, October 5th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.29.
Sensata Technologies Price Performance
ST opened at $36.78 on Friday. The firm has a market cap of $5.61 billion, a P/E ratio of 14.54, a PEG ratio of 0.91 and a beta of 1.28. Sensata Technologies Holding plc has a fifty-two week low of $36.06 and a fifty-two week high of $54.34. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.06 and a current ratio of 2.81. The firm has a 50-day moving average of $37.87 and a 200 day moving average of $41.94.
Sensata Technologies (NYSE:ST – Get Free Report) last released 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. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Sensata Technologies had a net margin of 9.50% and a return on equity of 18.03%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, research analysts expect that Sensata Technologies Holding plc will post 3.73 EPS for the current year.
Sensata Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, August 8th. Sensata Technologies’s dividend payout ratio (DPR) is presently 18.97%.
Sensata Technologies Company 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. 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.
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