Millennium Management LLC Increases Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Millennium Management LLC raised its position in Sensata Technologies Holding plc (NYSE:ST) by 84.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,059,047 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,321,782 shares during the quarter. Millennium Management LLC’s holdings in Sensata Technologies were worth $189,158,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in Sensata Technologies by 0.9% in the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Sensata Technologies by 1.2% in the 1st quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock valued at $952,000 after purchasing an additional 317 shares in the last quarter. Northwest Investment Counselors LLC boosted its stake in shares of Sensata Technologies by 1.1% during the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock valued at $1,035,000 after buying an additional 320 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Sensata Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock worth $6,983,000 after buying an additional 498 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Sensata Technologies by 1.3% in the second quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after buying an additional 529 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $36.98 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a market capitalization of $5.58 billion, a PE ratio of -336.15, a P/E/G ratio of 1.42 and a beta of 1.26. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The business’s fifty day moving average price is $36.67 and its two-hundred day moving average price is $37.72.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting 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 period last year, the firm posted $0.97 EPS. Sensata Technologies’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

Analyst Ratings Changes

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

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.