Geode Capital Management LLC Raises Stake in Sensata Technologies Holding plc (NYSE:ST)

Geode Capital Management LLC increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 2,520,062 shares of the scientific and technical instruments company’s stock after acquiring an additional 24,707 shares during the quarter. Geode Capital Management LLC’s holdings in Sensata Technologies were worth $90,393,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. State Street Corp grew its position in Sensata Technologies by 0.4% during 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 period. Millennium Management LLC increased its stake in Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Easterly Investment Partners LLC increased its stake in Sensata Technologies by 3.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company’s stock valued at $8,541,000 after purchasing an additional 8,088 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Sensata Technologies by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock worth $52,587,000 after purchasing an additional 122,795 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Sensata Technologies by 24.9% during the second quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock worth $17,142,000 after purchasing an additional 91,452 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ST. JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company 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 set a “peer perform” rating for the company. Oppenheimer reduced their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group dropped their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Trading Down 3.0 %

Shares of ST opened at $27.32 on Friday. Sensata Technologies Holding plc has a fifty-two week low of $27.16 and a fifty-two week high of $43.14. The company has a market capitalization of $4.09 billion, a PE ratio of -50.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The stock has a fifty day moving average of $32.77 and a two-hundred day moving average of $35.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.

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

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

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.