Empowered Funds LLC Buys 1,098 Shares of Sensata Technologies Holding plc (NYSE:ST)

Empowered Funds LLC increased its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,635 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,098 shares during the quarter. Empowered Funds LLC’s holdings in Sensata Technologies were worth $346,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 774 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies in the second quarter valued at about $37,000. Quarry LP boosted its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares in the last quarter. Assetmark Inc. boosted its holdings in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 927 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST stock opened at $33.61 on Tuesday. Sensata Technologies Holding plc has a 1 year low of $30.43 and a 1 year high of $43.14. The firm has a market capitalization of $5.03 billion, a P/E ratio of -62.23, a P/E/G ratio of 0.93 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The business’s 50-day moving average is $34.46 and its two-hundred day moving average is $37.12.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Analysts anticipate that Sensata Technologies Holding plc will post 3.43 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. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -88.89%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ST. Oppenheimer dropped their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. TD Cowen cut their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Robert W. Baird dropped 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Company 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.