New York State Teachers Retirement System Cuts Position in Sensata Technologies Holding plc (NYSE:ST)

New York State Teachers Retirement System decreased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,900 shares of the scientific and technical instruments company’s stock after selling 1,711 shares during the period. New York State Teachers Retirement System’s holdings in Sensata Technologies were worth $655,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kempner Capital Management Inc. boosted its position in shares of Sensata Technologies by 233.9% during the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after buying an additional 146,449 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in Sensata Technologies by 4.6% during the 4th quarter. Hanson & Doremus Investment Management now owns 15,669 shares of the scientific and technical instruments company’s stock valued at $429,000 after acquiring an additional 696 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Sensata Technologies by 5.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 48,399 shares of the scientific and technical instruments company’s stock valued at $1,326,000 after acquiring an additional 2,285 shares during the last quarter. R Squared Ltd bought a new stake in shares of Sensata Technologies in the fourth quarter worth approximately $104,000. Finally, KBC Group NV raised its holdings in shares of Sensata Technologies by 83.5% during the fourth quarter. KBC Group NV now owns 7,286 shares of the scientific and technical instruments company’s stock valued at $200,000 after purchasing an additional 3,315 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

ST opened at $29.52 on Tuesday. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 12-month low of $24.91 and a 12-month high of $43.14. The firm has a 50 day moving average of $27.88 and a two-hundred day moving average of $32.25. The firm has a market capitalization of $4.42 billion, a PE ratio of 35.15, a P/E/G ratio of 1.25 and a beta of 1.23.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Oppenheimer reduced their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.08.

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.