Federated Hermes Inc. Increases Holdings in Sensata Technologies Holding plc (NYSE:ST)

Federated Hermes Inc. grew its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 31.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,593 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,948 shares during the quarter. Federated Hermes Inc.’s holdings in Sensata Technologies were worth $620,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies during the 4th quarter valued at $29,000. GAMMA Investing LLC increased its holdings 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 worth $36,000 after acquiring an additional 774 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies in the 2nd quarter worth about $37,000. SageView Advisory Group LLC purchased a new stake in Sensata Technologies in the 1st quarter worth about $85,000. Finally, First Horizon Advisors Inc. increased its holdings in Sensata Technologies by 57.9% in the 2nd 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. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ST shares. Vertical Research started 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. Truist Financial decreased their price objective on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Wolfe Research initiated coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Oppenheimer cut their target price on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.10.

Sensata Technologies Stock Performance

Shares of ST opened at $35.35 on Monday. The company has a market cap of $5.32 billion, a PE ratio of -321.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $37.13 and a 200-day moving average price of $37.74. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST) last issued 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 firm 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 company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.57 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.36%.

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.