US Bancorp DE Acquires 9,474 Shares of Sensata Technologies Holding plc (NYSE:ST)

US Bancorp DE increased its position in Sensata Technologies Holding plc (NYSE:ST) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,110 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,474 shares during the period. US Bancorp DE’s holdings in Sensata Technologies were worth $2,729,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new position in Sensata Technologies during the 2nd quarter valued at $37,000. Quarry LP lifted its stake in Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 738 shares in the last quarter. SageView Advisory Group LLC bought a new position in Sensata Technologies during the 1st quarter valued at $85,000. Finally, First Horizon Advisors Inc. increased its position in shares of Sensata Technologies by 57.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ST. Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday. Robert W. Baird decreased their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday. Bank of America decreased 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. Stifel Nicolaus decreased their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group decreased their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.80.

Sensata Technologies Stock Down 6.2 %

Shares of ST opened at $31.57 on Wednesday. The firm has a market cap of $4.77 billion, a P/E ratio of 789.45, a P/E/G ratio of 1.36 and a beta of 1.25. The stock has a 50 day simple moving average of $35.52 and a two-hundred day simple moving average of $37.68. 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 Holding plc has a 1 year low of $30.56 and a 1 year high of $43.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. Sensata Technologies’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, analysts forecast that Sensata Technologies Holding plc will post 3.55 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently 1,200.30%.

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.