Scientech Research LLC Makes New $517,000 Investment in Sensata Technologies Holding plc (NYSE:ST)

Scientech Research LLC acquired a new stake in shares of Sensata Technologies Holding plc (NYSE:ST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,832 shares of the scientific and technical instruments company’s stock, valued at approximately $517,000.

Other institutional investors have also made changes to their positions in the company. Foundry Partners LLC boosted its holdings in Sensata Technologies by 11.8% during the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock valued at $4,416,000 after acquiring an additional 12,708 shares during the period. Sei Investments Co. grew its holdings in Sensata Technologies by 178.4% in the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock valued at $13,484,000 after buying an additional 235,170 shares during the last quarter. Alaska Permanent Fund Corp grew its holdings in Sensata Technologies by 320.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock valued at $1,846,000 after buying an additional 38,318 shares during the last quarter. Point72 Europe London LLP bought a new position in Sensata Technologies in the 4th quarter worth approximately $854,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Sensata Technologies by 186.9% during the fourth quarter. Hsbc Holdings PLC now owns 110,510 shares of the scientific and technical instruments company’s stock worth $4,180,000 after buying an additional 71,994 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $36.98 on Monday. The firm has a market capitalization of $5.57 billion, a P/E ratio of -336.18, a P/E/G ratio of 1.42 and a beta of 1.26. The stock has a fifty day moving average price of $36.63 and a two-hundred day moving average price of $37.74. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, analysts anticipate that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.36%.

Analyst Ratings Changes

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