Louisiana State Employees Retirement System Sells 800 Shares of Sensata Technologies Holding plc (NYSE:ST)

Louisiana State Employees Retirement System lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,800 shares of the scientific and technical instruments company’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sensata Technologies were worth $1,499,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Sensata Technologies during the 3rd quarter worth approximately $1,110,000. Lecap Asset Management Ltd. bought a new stake in Sensata Technologies during the third quarter worth $683,000. Copeland Capital Management LLC raised its position in Sensata Technologies by 21.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock valued at $64,129,000 after buying an additional 319,424 shares during the last quarter. Raymond James & Associates lifted its stake in Sensata Technologies by 148.4% during the 3rd quarter. Raymond James & Associates now owns 194,149 shares of the scientific and technical instruments company’s stock valued at $6,962,000 after acquiring an additional 115,986 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Sensata Technologies by 9.0% during the 3rd quarter. Sound Income Strategies LLC now owns 72,467 shares of the scientific and technical instruments company’s stock worth $2,599,000 after acquiring an additional 6,008 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of ST stock opened at $34.34 on Friday. The firm’s 50 day moving average is $35.83 and its 200 day moving average is $37.64. The stock has a market capitalization of $5.18 billion, a P/E ratio of 858.50, a PEG ratio of 1.39 and a beta of 1.25. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.55 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.40%. Sensata Technologies’s dividend payout ratio is currently 1,200.00%.

Analysts Set New Price Targets

Several analysts have recently commented on ST shares. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 4th. Bank of America dropped their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Truist Financial dropped their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, July 30th. Finally, Oppenheimer reduced their price objective on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus target price of $43.40.

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.