Gradient Investments LLC Reduces Stake in Sensata Technologies Holding plc (NYSE:ST)

Gradient Investments LLC lowered its position in Sensata Technologies Holding plc (NYSE:ST) by 99.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,031 shares of the scientific and technical instruments company’s stock after selling 275,510 shares during the period. Gradient Investments LLC’s holdings in Sensata Technologies were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its holdings in shares of Sensata Technologies by 9.9% during the 1st quarter. Yousif Capital Management LLC now owns 4,451 shares of the scientific and technical instruments company’s stock worth $226,000 after acquiring an additional 400 shares in the last quarter. Raymond James Trust N.A. bought a new position in Sensata Technologies in the first quarter worth approximately $202,000. Allianz Asset Management GmbH increased its position in shares of Sensata Technologies by 1.0% during the first quarter. Allianz Asset Management GmbH now owns 774,136 shares of the scientific and technical instruments company’s stock worth $39,364,000 after purchasing an additional 7,953 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the first quarter valued at $254,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Sensata Technologies by 42.7% in the 1st quarter. Mackenzie Financial Corp now owns 833,577 shares of the scientific and technical instruments company’s stock valued at $42,387,000 after acquiring an additional 249,277 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ST shares. Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $38.00 in a research note on Wednesday, February 7th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Tuesday, January 30th. Truist Financial reduced their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $37.00 to $34.00 in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $39.67.

Sensata Technologies Stock Up 0.9 %

Shares of ST stock opened at $36.74 on Monday. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $50.11. The firm’s 50 day moving average price is $34.96 and its two-hundred day moving average price is $35.03. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.96 earnings per share. Sensata Technologies’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts predict that Sensata Technologies Holding plc will post 3.74 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.31%. Sensata Technologies’s dividend payout ratio is currently -959.81%.

About Sensata Technologies

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.