Millennium Management LLC Has $62.26 Million Position in Sensata Technologies Holding plc (NYSE:ST)

Millennium Management LLC trimmed its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 53.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,272,275 shares of the scientific and technical instruments company’s stock after selling 2,588,032 shares during the quarter. Millennium Management LLC owned approximately 1.52% of Sensata Technologies worth $62,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sensata Technologies by 9.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 428,966 shares of the scientific and technical instruments company’s stock valued at $11,675,000 after acquiring an additional 37,591 shares during the period. Invenomic Capital Management LP grew its stake in shares of Sensata Technologies by 21.7% in the fourth quarter. Invenomic Capital Management LP now owns 1,044,180 shares of the scientific and technical instruments company’s stock worth $28,611,000 after purchasing an additional 186,511 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Sensata Technologies by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock valued at $267,621,000 after purchasing an additional 44,233 shares during the period. Kettle Hill Capital Management LLC acquired a new stake in Sensata Technologies in the fourth quarter valued at $2,534,000. Finally, Gotham Asset Management LLC raised its position in Sensata Technologies by 283.9% during the 4th quarter. Gotham Asset Management LLC now owns 31,445 shares of the scientific and technical instruments company’s stock worth $862,000 after purchasing an additional 23,254 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $27.35 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 32.56, a P/E/G ratio of 1.25 and a beta of 1.02. The business has a 50 day moving average of $23.17 and a 200 day moving average of $27.31. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.12. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The company had revenue of $911.26 million for the quarter, compared to analysts’ expectations of $878.39 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is 59.26%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Evercore ISI cut shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group lowered their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company initiated coverage on Sensata Technologies in a research note on Friday, April 25th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Robert W. Baird cut their target price on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.58.

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.