Empowered Funds LLC Grows Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Empowered Funds LLC boosted its position in Sensata Technologies Holding plc (NYSE:ST) by 12.9% during the third quarter, according to the company in 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 buying an additional 1,098 shares during the period. Empowered Funds LLC’s holdings in Sensata Technologies were worth $346,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Parametrica Management Ltd acquired a new position in Sensata Technologies during the 3rd quarter worth approximately $771,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Sensata Technologies by 14.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 352,488 shares of the scientific and technical instruments company’s stock valued at $12,640,000 after buying an additional 44,401 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Sensata Technologies by 13.6% during the third quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock worth $75,551,000 after acquiring an additional 252,061 shares during the period. Assetmark Inc. raised its position 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, Easterly Investment Partners LLC lifted its holdings in Sensata Technologies by 5.0% in the third quarter. Easterly Investment Partners LLC now owns 239,878 shares of the scientific and technical instruments company’s stock valued at $8,602,000 after acquiring an additional 11,438 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. TD Cowen decreased their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Trading Up 5.4 %

Sensata Technologies stock opened at $33.61 on Tuesday. The stock has a 50-day moving average price of $34.46 and a 200 day moving average price of $37.12. Sensata Technologies Holding plc has a 52 week low of $30.43 and a 52 week high of $43.14. The stock has a market cap of $5.03 billion, a PE ratio of -62.23, a P/E/G ratio of 0.93 and a beta of 1.25. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities research analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid 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 is presently -88.89%.

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.