State of Michigan Retirement System Grows Stock Position in Sensata Technologies Holding plc (NYSE:ST)

State of Michigan Retirement System boosted its stake in Sensata Technologies Holding plc (NYSE:STFree Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,200 shares of the scientific and technical instruments company’s stock after acquiring an additional 900 shares during the quarter. State of Michigan Retirement System’s holdings in Sensata Technologies were worth $1,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ST. Vanguard Group Inc. boosted its stake in shares of Sensata Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after buying an additional 69,837 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Sensata Technologies during the 4th quarter valued at approximately $133,156,000. Dimensional Fund Advisors LP boosted its stake in shares of Sensata Technologies by 15.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock valued at $128,325,000 after buying an additional 455,237 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Sensata Technologies by 1.1% during the 4th quarter. Schroder Investment Management Group now owns 2,983,414 shares of the scientific and technical instruments company’s stock valued at $112,087,000 after buying an additional 31,352 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Sensata Technologies by 67.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company’s stock valued at $55,969,000 after buying an additional 600,875 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Insider Activity

In other news, Director Ali John Mirshekari bought 73,137 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

ST has been the subject of several research analyst reports. Robert W. Baird increased their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Stifel Nicolaus upped their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Evercore ISI raised Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the company from $44.00 to $60.00 in a research report on Monday, May 6th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.78.

View Our Latest Analysis on Sensata Technologies

Sensata Technologies Price Performance

Shares of NYSE ST opened at $37.91 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The business’s fifty day moving average price is $39.96 and its two-hundred day moving average price is $36.87.

Sensata Technologies (NYSE:STGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

About Sensata Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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