Sensata Technologies Holding plc (NYSE:ST) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 247,584 shares of the scientific and technical instruments company’s stock after selling 9,419 shares during the period. California Public Employees Retirement System’s holdings in Sensata Technologies were worth $6,784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. raised its stake in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Sensata Technologies during the 4th quarter worth about $27,000. Venturi Wealth Management LLC lifted its stake in Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 817 shares during the last quarter. Quarry LP boosted its holdings in Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after purchasing an additional 651 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 820 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Stock Up 0.8 %

Shares of Sensata Technologies stock opened at $18.87 on Tuesday. Sensata Technologies Holding plc has a one year low of $17.51 and a one year high of $43.14. The company has a market cap of $2.82 billion, a P/E ratio of 22.46, a PEG ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The firm has a fifty day moving average of $26.97 and a two-hundred day moving average of $30.09.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 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 year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is presently 57.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Oppenheimer reduced their price target on shares of 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 dropped their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their target price for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.00.

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.