Sensata Technologies Holding plc (NYSE:ST) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 30.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 722,793 shares of the scientific and technical instruments company’s stock after buying an additional 170,600 shares during the period. Envestnet Asset Management Inc. owned approximately 0.48% of Sensata Technologies worth $27,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies during the 4th quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Sensata Technologies during the 2nd quarter worth $37,000. SageView Advisory Group LLC purchased a new stake in shares of Sensata Technologies during the 1st quarter worth $85,000. Finally, First Horizon Advisors Inc. lifted its position in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 927 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer reduced their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Bank of America reduced their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Truist Financial reduced their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Wolfe Research initiated coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Vertical Research initiated coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.10.

Sensata Technologies Trading Down 2.9 %

Sensata Technologies stock opened at $35.35 on Friday. The firm’s 50-day moving average is $37.13 and its 200-day moving average is $37.71. 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 1 year low of $30.56 and a 1 year high of $43.14. The company has a market cap of $5.32 billion, a P/E ratio of -321.36, a PEG ratio of 1.38 and a beta of 1.26.

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 for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. Sensata Technologies’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors 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 1.36%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

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.