Insider Buying: Sensata Technologies Holding plc (NYSE:ST) Director Acquires $2,864,776.29 in Stock

Sensata Technologies Holding plc (NYSE:ST) Director Ali John Mirshekari bought 73,137 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $42.54 on Thursday. The firm has a market capitalization of $6.40 billion, a P/E ratio of -386.73, a P/E/G ratio of 0.97 and a beta of 1.32. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The stock’s 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $34.85. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $47.41.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. During the same period last year, the firm posted $0.92 earnings per share. Sensata Technologies’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.13%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.36%.

Institutional Investors Weigh In On Sensata Technologies

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in shares of Sensata Technologies by 0.3% in the 1st quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock worth $3,466,000 after purchasing an additional 310 shares in the last quarter. Fulton Bank N.A. boosted its stake in Sensata Technologies by 1.2% in the first quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock worth $952,000 after buying an additional 317 shares in the last quarter. Northwest Investment Counselors LLC raised its stake in shares of Sensata Technologies by 1.1% during the first quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after acquiring an additional 320 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Sensata Technologies by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock worth $2,505,000 after acquiring an additional 340 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Sensata Technologies by 7.1% in the 3rd quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock valued at $239,000 after purchasing an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ST shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Truist Financial lifted their target price on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Robert W. Baird increased their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $44.00 to $60.00 in a research report on Monday. Finally, Jefferies Financial Group began coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.78.

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.