Axa S.A. Invests $5.89 Million in Sensata Technologies Holding plc (NYSE:ST)

Axa S.A. bought a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 157,532 shares of the scientific and technical instruments company’s stock, valued at approximately $5,890,000. Axa S.A. owned 0.10% of Sensata Technologies at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 275 shares in the last quarter. Fulton Bank N.A. increased its stake in Sensata Technologies by 1.2% during the 1st quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock valued at $952,000 after buying an additional 317 shares during the period. Northwest Investment Counselors LLC raised its position in shares of Sensata Technologies by 1.1% during the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after buying an additional 320 shares in the last quarter. Retirement Systems of Alabama raised its position 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 worth $6,983,000 after buying an additional 498 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of 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 acquiring an additional 529 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Vertical Research began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. Bank of America decreased their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Truist Financial dropped their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, July 30th. Finally, Oppenheimer reduced their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.10.

Sensata Technologies Stock Performance

Shares of ST opened at $36.98 on Friday. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The company has a 50-day moving average of $36.63 and a two-hundred day moving average of $37.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of -336.15, a PEG ratio of 1.42 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, equities research analysts expect that Sensata Technologies Holding plc will post 3.57 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. Sensata Technologies’s payout ratio is presently -436.32%.

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.