New York State Teachers Retirement System Raises Stake in Sensata Technologies Holding plc (NYSE:ST)

New York State Teachers Retirement System boosted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,100 shares of the scientific and technical instruments company’s stock after purchasing an additional 600 shares during the period. New York State Teachers Retirement System’s holdings in Sensata Technologies were worth $868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Sensata Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,840,668 shares of the scientific and technical instruments company’s stock valued at $561,274,000 after acquiring an additional 265,583 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Sensata Technologies by 88.2% in the fourth quarter. Select Equity Group L.P. now owns 9,852,952 shares of the scientific and technical instruments company’s stock valued at $397,862,000 after acquiring an additional 4,616,942 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Sensata Technologies by 0.3% in the second quarter. BlackRock Inc. now owns 9,596,735 shares of the scientific and technical instruments company’s stock valued at $431,757,000 after acquiring an additional 30,787 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Sensata Technologies by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after acquiring an additional 62,468 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its holdings in shares of Sensata Technologies by 4.5% in the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after acquiring an additional 186,627 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ST shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Truist Financial reduced their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Stock Performance

Shares of ST opened at $33.51 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The stock has a market cap of $5.04 billion, a P/E ratio of -670.07, a PEG ratio of 0.82 and a beta of 1.37. The company has a 50-day moving average of $34.93 and a two-hundred day moving average of $34.84. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $48.17.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The business had revenue of $992.50 million for the quarter, compared to analyst estimates of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, research analysts predict that Sensata Technologies Holding plc will post 3.74 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 13th. Sensata Technologies’s payout ratio is currently -959.81%.

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.