State of Tennessee Department of Treasury Sells 1,830 Shares of Sensata Technologies Holding plc (NYSE:ST)

State of Tennessee Department of Treasury reduced its position in Sensata Technologies Holding plc (NYSE:ST) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,857 shares of the scientific and technical instruments company’s stock after selling 1,830 shares during the period. State of Tennessee Department of Treasury’s holdings in Sensata Technologies were worth $1,777,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Sensata Technologies by 14.9% in the third quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company’s stock worth $2,788,000 after acquiring an additional 10,107 shares during the period. Franklin Resources Inc. boosted its stake in Sensata Technologies by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after purchasing an additional 403 shares during the period. 272 Capital LP purchased a new position in Sensata Technologies during the 3rd quarter valued at about $292,000. JPMorgan Chase & Co. increased its position in shares of Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after buying an additional 264,334 shares during the period. Finally, Oak Thistle LLC lifted its holdings in shares of Sensata Technologies by 326.8% in the fourth quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company’s stock worth $1,617,000 after buying an additional 45,182 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

Shares of ST opened at $21.37 on Wednesday. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $28.21. The firm has a market cap of $3.20 billion, a P/E ratio of 25.44, a P/E/G ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ST shares. Wells Fargo & Company initiated coverage on shares of Sensata Technologies in a report on Friday, April 25th. They set an “equal weight” rating and a $20.00 target price on the stock. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group lowered their price target on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.33.

Sensata Technologies 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.