State of Michigan Retirement System Lowers Stake in Sensata Technologies Holding plc (NYSE:ST)

State of Michigan Retirement System lessened its holdings in Sensata Technologies Holding plc (NYSE:ST) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,300 shares of the scientific and technical instruments company’s stock after selling 900 shares during the quarter. State of Michigan Retirement System’s holdings in Sensata Technologies were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ST. Jump Financial LLC bought a new position in Sensata Technologies in the 4th quarter worth about $2,529,000. Natixis Advisors L.P. grew its stake in shares of Sensata Technologies by 39.0% in the fourth quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company’s stock worth $8,829,000 after acquiring an additional 65,911 shares during the period. Foundry Partners LLC grew its stake in shares of Sensata Technologies by 11.8% in the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after acquiring an additional 12,708 shares during the period. Sei Investments Co. grew its stake in shares of Sensata Technologies by 178.4% in the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after acquiring an additional 235,170 shares during the period. Finally, Alaska Permanent Fund Corp grew its stake in shares of Sensata Technologies by 320.9% in the first quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock worth $1,846,000 after acquiring an additional 38,318 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $37.96 on Friday. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The firm’s 50 day simple moving average is $37.90 and its two-hundred day simple moving average is $37.49. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts anticipate that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Bank of America cut their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Evercore ISI upgraded 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 report on Monday, May 6th. Oppenheimer cut their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Vertical Research assumed coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $44.10.

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.