Xponance Inc. Sells 1,764 Shares of Sensata Technologies Holding plc (NYSE:ST)

Xponance Inc. lessened its holdings in Sensata Technologies Holding plc (NYSE:ST) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the scientific and technical instruments company’s stock after selling 1,764 shares during the period. Xponance Inc.’s holdings in Sensata Technologies were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundry Partners LLC boosted its stake in shares of Sensata Technologies by 11.8% during the 1st quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after acquiring an additional 12,708 shares during the last quarter. Sei Investments Co. grew its holdings in Sensata Technologies by 178.4% during the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock valued at $13,484,000 after purchasing an additional 235,170 shares during the period. Alaska Permanent Fund Corp grew its holdings in Sensata Technologies by 320.9% during the first quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock valued at $1,846,000 after purchasing an additional 38,318 shares during the period. Point72 Europe London LLP purchased a new stake in Sensata Technologies in the fourth quarter worth about $854,000. Finally, Hsbc Holdings PLC raised its stake in shares of Sensata Technologies by 186.9% in the fourth quarter. Hsbc Holdings PLC now owns 110,510 shares of the scientific and technical instruments company’s stock worth $4,180,000 after buying an additional 71,994 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ST shares. Oppenheimer cut their price objective 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. Bank of America reduced their price objective on shares of 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 lowered their target price on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target for the company. Finally, Wolfe Research began coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One investment 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 company has an average rating of “Hold” and an average target price of $44.10.

Sensata Technologies Trading Up 0.9 %

Shares of ST stock opened at $36.98 on Monday. The stock’s 50-day moving average price is $36.63 and its 200-day moving average price is $37.74. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $43.14. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of -336.15, a price-to-earnings-growth ratio of 1.42 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.

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 (EPS) for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is -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.