Public Employees Retirement System of Ohio Acquires 1,508 Shares of Sensata Technologies Holding plc (NYSE:ST)

Public Employees Retirement System of Ohio increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 2.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 58,479 shares of the scientific and technical instruments company’s stock after buying an additional 1,508 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Sensata Technologies were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ST. MML Investors Services LLC grew its position in shares of Sensata Technologies by 19.9% during the 3rd quarter. MML Investors Services LLC now owns 43,465 shares of the scientific and technical instruments company’s stock valued at $1,559,000 after acquiring an additional 7,218 shares during the period. XTX Topco Ltd purchased a new position in Sensata Technologies in the third quarter valued at approximately $303,000. iSAM Funds UK Ltd bought a new position in Sensata Technologies during the third quarter valued at $489,000. State Street Corp increased its position in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after buying an additional 23,946 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Sensata Technologies by 16.3% in the third quarter. Stifel Financial Corp now owns 115,221 shares of the scientific and technical instruments company’s stock valued at $4,132,000 after buying an additional 16,143 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ST shares. Evercore ISI decreased their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, Robert W. Baird cut their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $29.48 on Wednesday. The business has a 50-day simple moving average of $33.07 and a 200 day simple moving average of $35.90. Sensata Technologies Holding plc has a 52 week low of $29.33 and a 52 week high of $43.14. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -54.59, a PEG ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same period in the prior year, the business earned $0.91 earnings per share. Sensata Technologies’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, November 13th. 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.