46,650 Shares in Sensata Technologies Holding plc (NYSE:ST) Purchased by Schwerin Boyle Capital Management Inc.

Schwerin Boyle Capital Management Inc. bought a new position in Sensata Technologies Holding plc (NYSE:ST) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 46,650 shares of the scientific and technical instruments company’s stock, valued at approximately $1,744,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in Sensata Technologies in the fourth quarter worth approximately $29,000. Janney Montgomery Scott LLC grew its holdings in shares of Sensata Technologies by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the scientific and technical instruments company’s stock worth $701,000 after acquiring an additional 539 shares during the period. UBS Group AG lifted its holdings in Sensata Technologies by 1,238.3% in the fourth quarter. UBS Group AG now owns 354,560 shares of the scientific and technical instruments company’s stock valued at $13,321,000 after acquiring an additional 328,067 shares during the period. Franklin Resources Inc. bought a new position in Sensata Technologies in the fourth quarter valued at about $1,041,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of Sensata Technologies by 67.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company’s stock valued at $55,969,000 after purchasing an additional 600,875 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 2.9 %

NYSE ST opened at $35.35 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The stock’s 50 day moving average is $37.13 and its 200 day moving average is $37.71. The stock has a market cap of $5.32 billion, a PE ratio of -321.36, a P/E/G ratio of 1.38 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last posted its earnings results 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. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.97 earnings per share. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts predict that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is presently -436.36%.

Wall Street Analyst Weigh In

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

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.