Coronation Fund Managers Ltd. Boosts Holdings in Sensata Technologies Holding plc (NYSE:ST)

Coronation Fund Managers Ltd. increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,008 shares of the scientific and technical instruments company’s stock after buying an additional 7,915 shares during the period. Coronation Fund Managers Ltd. owned 0.12% of Sensata Technologies worth $6,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Sensata Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after purchasing an additional 69,837 shares during the period. Millennium Management LLC boosted its holdings in shares of Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after buying an additional 658,728 shares during the period. Eminence Capital LP increased its stake in shares of Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Sensata Technologies by 1.1% during the 4th quarter. Schroder Investment Management Group now owns 2,983,414 shares of the scientific and technical instruments company’s stock valued at $112,087,000 after acquiring an additional 31,352 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ST. Bank of America decreased their target price 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. The Goldman Sachs Group dropped their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday. Vertical Research began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. Oppenheimer dropped their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Wolfe Research began coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.40.

Sensata Technologies Stock Performance

Shares of ST stock opened at $35.15 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average price of $36.49 and a 200-day moving average price of $37.76. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $43.14. The firm has a market capitalization of $5.31 billion, a PE ratio of -319.52, a P/E/G ratio of 1.46 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last announced its earnings results 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. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. As a group, equities research analysts expect that Sensata Technologies Holding plc will post 3.57 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.37%. Sensata Technologies’s payout ratio is -436.32%.

Sensata Technologies Company 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.