JPMorgan Chase & Co. Buys 264,334 Shares of Sensata Technologies Holding plc (NYSE:ST)

JPMorgan Chase & Co. boosted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 66.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 660,568 shares of the scientific and technical instruments company’s stock after acquiring an additional 264,334 shares during the period. JPMorgan Chase & Co. owned 0.44% of Sensata Technologies worth $23,688,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Sensata Technologies by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after purchasing an additional 45,513 shares during the period. State Street Corp grew its holdings in Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after buying an additional 23,946 shares in the last quarter. Millennium Management LLC raised its position in shares of Sensata Technologies by 84.8% during the second 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sensata Technologies by 16.5% in the second 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 in the last quarter. Finally, FMR LLC boosted its position in shares of Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after acquiring an additional 618,202 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

NYSE ST opened at $27.75 on Thursday. The company has a market cap of $4.15 billion, a P/E ratio of -51.39, a P/E/G ratio of 0.89 and a beta of 1.24. The business’s 50 day moving average price is $30.54 and its 200-day moving average price is $34.62. Sensata Technologies Holding plc has a fifty-two week low of $26.65 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Robert W. Baird reduced their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Oppenheimer dropped their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Finally, UBS Group decreased their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

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.