Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 40.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,100 shares of the scientific and technical instruments company’s stock after acquiring an additional 13,879 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sensata Technologies were worth $1,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Treasurer of the State of North Carolina lifted its position in shares of Sensata Technologies by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after acquiring an additional 340 shares during the last quarter. Highland Capital Management LLC lifted its position in shares of Sensata Technologies by 3.3% during the 4th quarter. Highland Capital Management LLC now owns 15,571 shares of the scientific and technical instruments company’s stock valued at $585,000 after acquiring an additional 500 shares during the last quarter. Covestor Ltd lifted its position in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Sensata Technologies by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the scientific and technical instruments company’s stock valued at $701,000 after purchasing an additional 539 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Sensata Technologies by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 23,100 shares of the scientific and technical instruments company’s stock valued at $868,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Truist Financial boosted their target price on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $44.00 to $60.00 in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $43.78.

Insider Buying and Selling at Sensata Technologies

In related news, Director Ali John Mirshekari bought 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the acquisition, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $38.02 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $47.41. The business has a fifty day simple moving average of $39.23 and a 200 day simple moving average of $36.65. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of -345.60, a P/E/G ratio of 1.13 and a beta of 1.30.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.26%. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.32%.

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 in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.