Sensata Technologies Holding plc (NYSE:ST) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 722,793 shares of the scientific and technical instruments company’s stock after buying an additional 170,600 shares during the period. Envestnet Asset Management Inc.’s holdings in Sensata Technologies were worth $27,025,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Sensata Technologies in the 4th quarter worth approximately $29,000. Janney Montgomery Scott LLC grew its stake in shares of Sensata Technologies by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the scientific and technical instruments company’s stock worth $701,000 after purchasing an additional 539 shares during the last quarter. UBS Group AG grew its stake in shares of Sensata Technologies by 1,238.3% in the 4th quarter. UBS Group AG now owns 354,560 shares of the scientific and technical instruments company’s stock worth $13,321,000 after purchasing an additional 328,067 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Sensata Technologies in the 4th quarter worth approximately $1,041,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of Sensata Technologies by 67.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company’s stock worth $55,969,000 after purchasing an additional 600,875 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ST shares. Bank of America lowered their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Truist Financial decreased their target price on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Oppenheimer decreased their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Vertical Research assumed coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.10.

Sensata Technologies Trading Down 2.9 %

Shares of ST stock opened at $35.35 on Friday. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -321.36, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The firm has a fifty day moving average of $37.13 and a 200-day moving average of $37.71.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Sensata Technologies Holding plc will post 3.57 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is currently -436.36%.

About Sensata Technologies

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.