Sensata Technologies Holding plc (NYSE:ST) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Sensata Technologies Holding plc (NYSE:ST) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,520,062 shares of the scientific and technical instruments company’s stock after purchasing an additional 24,707 shares during the period. Geode Capital Management LLC owned about 1.68% of Sensata Technologies worth $90,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP increased its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares during the last quarter. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the last quarter. nVerses Capital LLC purchased a new position in Sensata Technologies in the second quarter valued at approximately $131,000. Canada Pension Plan Investment Board acquired a new stake in Sensata Technologies during the second quarter worth approximately $142,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Sensata Technologies during the 3rd quarter worth approximately $237,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Oppenheimer dropped their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. TD Cowen decreased their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Robert W. Baird decreased their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $27.32 on Friday. The business has a 50 day simple moving average of $32.77 and a 200-day simple moving average of $35.78. Sensata Technologies Holding plc has a 12 month low of $27.16 and a 12 month high of $43.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The stock has a market capitalization of $4.09 billion, a PE ratio of -50.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 EPS. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

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.