Sensata Technologies Holding plc (NYSE:ST) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 148.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,149 shares of the scientific and technical instruments company’s stock after purchasing an additional 115,986 shares during the period. Raymond James & Associates owned approximately 0.13% of Sensata Technologies worth $6,962,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Michigan Retirement System increased its holdings in shares of Sensata Technologies by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 37,200 shares of the scientific and technical instruments company’s stock valued at $1,367,000 after purchasing an additional 900 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Sensata Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock valued at $6,983,000 after buying an additional 498 shares in the last quarter. Graypoint LLC raised its position in Sensata Technologies by 10.1% during the first quarter. Graypoint LLC now owns 11,481 shares of the scientific and technical instruments company’s stock worth $422,000 after acquiring an additional 1,050 shares during the last quarter. Easterly Investment Partners LLC acquired a new position in shares of Sensata Technologies during the 1st quarter worth approximately $8,096,000. Finally, Coronation Fund Managers Ltd. raised its holdings in shares of Sensata Technologies by 102.3% in the first quarter. Coronation Fund Managers Ltd. now owns 172,093 shares of the scientific and technical instruments company’s stock worth $6,323,000 after acquiring an additional 87,005 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Trading Down 1.0 %

NYSE:ST opened at $34.99 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The business’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $37.66. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 874.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

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, hitting 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 business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, sell-side analysts predict that Sensata Technologies Holding plc will post 3.55 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is presently 1,200.30%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer lowered their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Vertical Research began coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. The Goldman Sachs Group decreased their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Evercore ISI dropped their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Finally, Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.40.

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.