California Public Employees Retirement System cut its stake in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 305,427 shares of the scientific and technical instruments company’s stock after selling 30,372 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Sensata Technologies worth $15,531,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management SA boosted its holdings in Sensata Technologies by 28.3% in the 4th quarter. Pictet Asset Management SA now owns 4,200,158 shares of the scientific and technical instruments company’s stock valued at $259,108,000 after purchasing an additional 926,093 shares during the period. Epoch Investment Partners Inc. bought a new stake in Sensata Technologies in the fourth quarter valued at approximately $35,016,000. Woodline Partners LP boosted its stake in shares of Sensata Technologies by 77.5% during the fourth quarter. Woodline Partners LP now owns 992,260 shares of the scientific and technical instruments company’s stock valued at $61,213,000 after purchasing an additional 433,199 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Sensata Technologies in the 1st quarter worth $21,400,000. Finally, Select Equity Group L.P. increased its position in shares of Sensata Technologies by 4.3% in the fourth quarter. Select Equity Group L.P. now owns 9,318,027 shares of the scientific and technical instruments company’s stock valued at $574,829,000 after acquiring an additional 386,640 shares during the period. 98.43% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Sensata Technologies
In other Sensata Technologies news, SVP Shannon M. Votava sold 1,800 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $48.81, for a total value of $87,858.00. Following the completion of the sale, the senior vice president now owns 16,389 shares in the company, valued at approximately $799,947.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Sensata Technologies Stock Up 0.2 %
Sensata Technologies (NYSE:ST – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The scientific and technical instruments company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. Sensata Technologies had a net margin of 6.55% and a return on equity of 17.40%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.95 EPS. Sensata Technologies’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Sensata Technologies Holding plc will post 3.36 earnings per share for the current fiscal year.
Sensata Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 0.96%. Sensata Technologies’s dividend payout ratio is currently 27.67%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ST. Wolfe Research raised Sensata Technologies from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Wednesday, June 22nd. Citigroup dropped their price target on Sensata Technologies from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Truist Financial reduced their price objective on shares of Sensata Technologies from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Wednesday, July 27th. TheStreet lowered shares of Sensata Technologies from a “b-” rating to a “c” rating in a research note on Friday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $58.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $57.00.
About Sensata Technologies
Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.
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