Bank of Montreal Can Lowers Holdings in Sensata Technologies Holding plc (NYSE:ST)

Bank of Montreal Can decreased its stake in Sensata Technologies Holding plc (NYSE:ST) by 12.1% during the third quarter, Holdings Channel reports. The institutional investor owned 135,692 shares of the scientific and technical instruments company’s stock after selling 18,702 shares during the quarter. Bank of Montreal Can’s holdings in Sensata Technologies were worth $5,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in Sensata Technologies by 0.9% during the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after purchasing an additional 275 shares in the last quarter. Assetmark Inc. lifted its position in shares of Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 416 shares in the last quarter. Arizona State Retirement System lifted its position 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 valued at $1,575,000 after acquiring an additional 529 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Sensata Technologies by 1.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after acquiring an additional 602 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Sensata Technologies by 5.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock valued at $485,000 after purchasing an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 0.7 %

ST opened at $32.11 on Wednesday. The business’s 50-day simple moving average is $34.03 and its 200-day simple moving average is $36.67. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies Holding plc has a one year low of $30.43 and a one year high of $43.14. The stock has a market capitalization of $4.80 billion, a P/E ratio of -59.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.22.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird cut their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Oppenheimer cut their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group cut their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.00.

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.