Sensata Technologies Holding plc (NYSE:ST) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council lifted its stake in Sensata Technologies Holding plc (NYSE:ST) by 161.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 111,128 shares of the scientific and technical instruments company’s stock after purchasing an additional 68,628 shares during the period. South Dakota Investment Council’s holdings in Sensata Technologies were worth $4,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Sensata Technologies in the third quarter valued at approximately $1,294,000. Olstein Capital Management L.P. increased its holdings in shares of Sensata Technologies by 11.4% in the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock valued at $12,811,000 after purchasing an additional 35,000 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Sensata Technologies by 6.0% in the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after purchasing an additional 166,584 shares during the last quarter. Kempner Capital Management Inc. increased its holdings in shares of Sensata Technologies by 99.8% in the fourth quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock valued at $3,224,000 after purchasing an additional 42,867 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Sensata Technologies by 71.1% in the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after purchasing an additional 126,295 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Truist Financial cut their target price on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. JPMorgan Chase & Co. cut Sensata Technologies from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Oppenheimer raised Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.25.

Sensata Technologies Trading Up 0.5 %

ST opened at $34.42 on Thursday. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41. The business has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $34.73. The firm has a market cap of $5.18 billion, a P/E ratio of -688.26, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The company had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. On average, equities analysts expect that Sensata Technologies Holding plc will post 3.72 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, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. Sensata Technologies’s dividend payout ratio (DPR) is presently -959.81%.

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.