State of New Jersey Common Pension Fund D Acquires 13,178 Shares of Sensata Technologies Holding plc (NYSE:ST)

State of New Jersey Common Pension Fund D lifted its holdings in Sensata Technologies Holding plc (NYSE:ST) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,759 shares of the scientific and technical instruments company’s stock after purchasing an additional 13,178 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sensata Technologies were worth $1,857,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in Sensata Technologies by 1.4% in the 4th quarter. Rhumbline Advisers now owns 384,823 shares of the scientific and technical instruments company’s stock valued at $10,544,000 after buying an additional 5,311 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Sensata Technologies by 1,071.2% in the 4th quarter. Blue Trust Inc. now owns 1,300 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 1,189 shares in the last quarter. Kempner Capital Management Inc. increased its position in shares of Sensata Technologies by 233.9% in 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 acquiring an additional 146,449 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in Sensata Technologies by 4.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 15,669 shares of the scientific and technical instruments company’s stock worth $429,000 after acquiring an additional 696 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Sensata Technologies by 5.0% during the fourth 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 purchasing an additional 2,285 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

NYSE:ST opened at $29.52 on Tuesday. The stock has a 50 day simple moving average of $27.88 and a 200 day simple moving average of $32.25. The stock has a market cap of $4.42 billion, a P/E ratio of 35.15, a PEG ratio of 1.25 and a beta of 1.23. Sensata Technologies Holding plc has a 1-year low of $24.91 and a 1-year high of $43.14. 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 (NYSE:ST) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 1.63%. Sensata Technologies’s dividend payout ratio is 57.14%.

Analyst Upgrades and Downgrades

ST has been the topic of a number of analyst reports. Oppenheimer dropped their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Truist Financial dropped their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. UBS Group decreased their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price 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. Finally, Evercore ISI reduced their price target on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.08.

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.