Beese Fulmer Investment Management Inc. Sells 1,910 Shares of Sensata Technologies Holding plc (NYSE:ST)

Beese Fulmer Investment Management Inc. lowered its position in Sensata Technologies Holding plc (NYSE:ST) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,969 shares of the scientific and technical instruments company’s stock after selling 1,910 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Sensata Technologies were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ST. Fifth Third Bancorp boosted its stake in Sensata Technologies by 0.9% in 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 buying an additional 275 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Sensata Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock valued at $6,983,000 after purchasing an additional 498 shares during the last quarter. Arizona State Retirement System raised its position in Sensata Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after purchasing an additional 529 shares during the period. Ariel Investments LLC lifted its stake in Sensata Technologies by 7.0% in the first quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock worth $304,000 after purchasing an additional 539 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in Sensata Technologies by 5.9% during 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 buying an additional 720 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $34.87 on Thursday. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 871.97, a PEG ratio of 1.39 and a beta of 1.25. The stock’s 50 day simple moving average is $36.07 and its two-hundred day simple moving average is $37.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, analysts expect that Sensata Technologies Holding plc will post 3.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ST. Oppenheimer lowered their target price 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. Truist Financial dropped their price objective on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Evercore ISI cut their target price 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. The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.40.

Sensata Technologies 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.