SYSTM Wealth Solutions LLC Lowers Position in Sensata Technologies Holding plc (NYSE:ST)

SYSTM Wealth Solutions LLC trimmed its position in Sensata Technologies Holding plc (NYSE:ST) by 63.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,380 shares of the scientific and technical instruments company’s stock after selling 7,563 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Sensata Technologies were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies in the 4th quarter worth about $29,000. GAMMA Investing LLC boosted its stake in Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 774 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies in the second quarter worth about $37,000. SageView Advisory Group LLC bought a new position in shares of Sensata Technologies during the first quarter valued at approximately $85,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of 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 valued at $95,000 after purchasing an additional 927 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

NYSE ST opened at $35.44 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of -322.18, a PEG ratio of 1.23 and a beta of 1.26. The business’s fifty day moving average price is $37.31 and its 200-day moving average price is $37.69.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business’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 analysts predict that Sensata Technologies Holding plc will post 3.57 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s payout ratio is -436.36%.

Analyst Upgrades and Downgrades

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

About Sensata Technologies

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.