Public Employees Retirement System of Ohio Increases Holdings in Sensata Technologies Holding plc (NYSE:ST)

Public Employees Retirement System of Ohio boosted its position in Sensata Technologies Holding plc (NYSE:ST) by 2.6% 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 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP boosted its stake in shares of Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares in the last quarter. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after buying an additional 927 shares during the period. nVerses Capital LLC bought a new position in shares of Sensata Technologies during the second quarter valued at about $131,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Sensata Technologies in the second quarter worth about $142,000. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

Shares of ST stock opened at $29.48 on Wednesday. The business’s fifty day moving average is $33.07 and its 200 day moving average is $35.90. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. 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. Sensata Technologies Holding plc has a twelve month low of $29.33 and a twelve month high of $43.14.

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

Sensata Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus dropped their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. UBS Group decreased their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus price target of $41.00.

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.