Teachers Retirement System of The State of Kentucky Sells 1,320 Shares of Sensata Technologies Holding plc (NYSE:ST)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,780 shares of the scientific and technical instruments company’s stock after selling 1,320 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sensata Technologies were worth $1,677,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in Sensata Technologies in the second quarter valued at about $469,000. Raymond James & Associates grew its holdings in shares of Sensata Technologies by 98.5% during the 2nd quarter. Raymond James & Associates now owns 78,163 shares of the scientific and technical instruments company’s stock valued at $2,923,000 after purchasing an additional 38,795 shares during the last quarter. First Horizon Advisors Inc. increased its position in Sensata Technologies by 57.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 927 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Sensata Technologies in the 2nd quarter valued at approximately $212,000. Finally, Fifth Third Bancorp grew its stake in shares of Sensata Technologies by 0.9% during the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analysts Set New Price Targets

ST has been the subject of a number of research reports. Wolfe Research began coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Stifel Nicolaus cut their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Evercore ISI reduced their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer decreased their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

ST stock opened at $29.48 on Wednesday. Sensata Technologies Holding plc has a 1-year low of $29.33 and a 1-year high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of $33.07 and a 200-day moving average price of $35.90. The firm has a market cap of $4.41 billion, a PE ratio of -54.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. As a group, equities research analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

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.