Intech Investment Management LLC Purchases New Position in Sensata Technologies Holding plc (NYSE:ST)

Intech Investment Management LLC bought a new position in Sensata Technologies Holding plc (NYSE:ST) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 31,939 shares of the scientific and technical instruments company’s stock, valued at approximately $1,145,000.

Several other institutional investors and hedge funds have also bought and sold shares of ST. Swedbank AB purchased a new stake in Sensata Technologies in the 1st quarter worth approximately $1,249,000. Boston Partners lifted its stake in Sensata Technologies by 13.0% in the 1st quarter. Boston Partners now owns 1,379,250 shares of the scientific and technical instruments company’s stock worth $50,481,000 after purchasing an additional 158,947 shares in the last quarter. GAMMA Investing LLC lifted its stake in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies in the 2nd quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Sensata Technologies by 305.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 264,895 shares of the scientific and technical instruments company’s stock worth $9,904,000 after purchasing an additional 199,548 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial decreased their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Evercore ISI decreased their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Price Performance

ST stock opened at $32.11 on Thursday. 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 52 week low of $30.43 and a 52 week high of $43.14. The firm’s fifty day moving average is $34.32 and its 200 day moving average is $37.01. The firm has a market cap of $4.80 billion, a P/E ratio of -59.46, a P/E/G ratio of 0.98 and a beta of 1.25.

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

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis 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%.

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.