Swiss National Bank Sells 59,200 Shares of Sensata Technologies Holding plc (NYSE:ST)

Swiss National Bank lessened its position in Sensata Technologies Holding plc (NYSE:STFree Report) by 10.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 489,150 shares of the scientific and technical instruments company’s stock after selling 59,200 shares during the quarter. Swiss National Bank’s holdings in Sensata Technologies were worth $18,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ST. CWM LLC increased its holdings in shares of Sensata Technologies by 235.4% in the 2nd quarter. CWM LLC now owns 852 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 598 shares in the last quarter. Compass Wealth Management LLC purchased a new position in shares of Sensata Technologies in the fourth quarter worth $61,000. Meeder Asset Management Inc. raised its stake in shares of Sensata Technologies by 51.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company’s stock worth $63,000 after purchasing an additional 533 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Sensata Technologies by 23.7% in the second quarter. First Horizon Advisors Inc. now owns 1,670 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 320 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Sensata Technologies by 26.7% in the second quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the scientific and technical instruments company’s stock worth $100,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ST shares. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Tuesday, January 30th. Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $38.00 in a research report on Wednesday. Truist Financial reduced their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Finally, Stifel Nicolaus reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

Read Our Latest Stock Analysis on Sensata Technologies

Sensata Technologies Trading Up 0.7 %

NYSE:ST opened at $32.95 on Friday. The stock has a 50-day simple moving average of $35.40 and a two-hundred day simple moving average of $36.06. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $52.74. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 2.07.

Sensata Technologies (NYSE:STGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. During the same period in the prior year, the firm posted $0.96 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.74 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, February 13th. Sensata Technologies’s dividend payout ratio is presently -959.81%.

About Sensata Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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