Sensata Technologies Holding plc (NYSE:ST) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Sensata Technologies Holding plc (NYSE:ST) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 769,819 shares of the scientific and technical instruments company’s stock after selling 31,611 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.51% of Sensata Technologies worth $28,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Sensata Technologies in the second quarter valued at approximately $37,000. SageView Advisory Group LLC purchased a new position in shares of Sensata Technologies during the first quarter valued at approximately $85,000. First Horizon Advisors Inc. boosted its position in Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 927 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after acquiring an additional 2,851 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ST. Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Truist Financial reduced 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. Oppenheimer dropped 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. Bank of America cut their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, Vertical Research initiated coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.10.

Sensata Technologies Stock Down 3.0 %

Shares of Sensata Technologies stock opened at $35.86 on Tuesday. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The company has a market capitalization of $5.40 billion, a PE ratio of -326.00, a P/E/G ratio of 1.42 and a beta of 1.26. 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 business has a 50-day moving average of $36.63 and a 200-day moving average of $37.76.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.97 EPS. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid 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 1.34%. Sensata Technologies’s dividend payout ratio (DPR) is -436.36%.

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.