Northwest Investment Counselors LLC raised its position in shares of Sensata Technologies Holding plc (NYSE:ST – Free Report) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,287 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,791 shares during the period. Northwest Investment Counselors LLC’s holdings in Sensata Technologies were worth $1,408,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Gradient Investments LLC lifted its stake in shares of Sensata Technologies by 7.8% in the 2nd quarter. Gradient Investments LLC now owns 254,474 shares of the scientific and technical instruments company’s stock valued at $11,449,000 after purchasing an additional 18,449 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Sensata Technologies in the second quarter worth about $232,000. Fulton Bank N.A. boosted its stake in shares of Sensata Technologies by 295.3% during the 2nd quarter. Fulton Bank N.A. now owns 23,483 shares of the scientific and technical instruments company’s stock worth $1,056,000 after acquiring an additional 17,543 shares in the last quarter. Duality Advisers LP increased its holdings in shares of Sensata Technologies by 412.5% during the 1st quarter. Duality Advisers LP now owns 30,532 shares of the scientific and technical instruments company’s stock valued at $1,527,000 after acquiring an additional 24,575 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Sensata Technologies by 19.9% in the 1st quarter. Ameriprise Financial Inc. now owns 536,304 shares of the scientific and technical instruments company’s stock valued at $26,826,000 after acquiring an additional 89,156 shares in the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ST has been the subject of a number of recent analyst reports. TheStreet cut Sensata Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. StockNews.com began coverage on shares of Sensata Technologies in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Truist Financial cut their target price on shares of Sensata Technologies from $52.00 to $48.00 and set a “hold” rating for the company in a research report on Wednesday, July 26th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.13.
Sensata Technologies Stock Performance
NYSE ST traded up $0.54 during midday trading on Friday, hitting $37.89. The company had a trading volume of 23,136,858 shares, compared to its average volume of 1,571,135. The firm has a fifty day simple moving average of $40.60 and a two-hundred day simple moving average of $43.50. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.90 and a beta of 1.31. The company has a quick ratio of 2.06, a current ratio of 2.81 and a debt-to-equity ratio of 1.18. Sensata Technologies Holding plc has a fifty-two week low of $36.64 and a fifty-two week high of $54.34.
Sensata Technologies (NYSE:ST – Get Free Report) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Sensata Technologies had a return on equity of 18.03% and a net margin of 9.50%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. Equities analysts forecast that Sensata Technologies Holding plc will post 3.76 earnings per share for the current fiscal year.
Sensata Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a $0.12 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.48 annualized dividend and a yield of 1.27%. Sensata Technologies’s dividend payout ratio (DPR) is currently 18.97%.
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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.
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