Earnest Partners LLC Acquires 339,724 Shares of Sensata Technologies Holding plc (NYSE:ST)

Earnest Partners LLC raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 35.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,294,866 shares of the scientific and technical instruments company’s stock after purchasing an additional 339,724 shares during the quarter. Earnest Partners LLC owned 0.86% of Sensata Technologies worth $47,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. bought a new position in shares of Sensata Technologies during the 4th quarter worth $29,000. Parkside Financial Bank & Trust grew its stake in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares during the period. SageView Advisory Group LLC bought a new position in shares of Sensata Technologies during the 1st quarter worth $85,000. TFO Wealth Partners LLC grew its stake in shares of Sensata Technologies by 17,818.8% during the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after acquiring an additional 2,851 shares during the period. Finally, Covestor Ltd grew its stake in shares of Sensata Technologies by 130.1% during the 1st quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock worth $140,000 after acquiring an additional 2,157 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Down 0.8 %

ST traded down $0.31 on Monday, hitting $37.92. 3,489,829 shares of the company were exchanged, compared to its average volume of 2,128,160. The firm has a fifty day simple moving average of $39.49 and a two-hundred day simple moving average of $37.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The stock has a market capitalization of $5.71 billion, a PE ratio of -344.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period last year, the company earned $0.92 EPS. Sensata Technologies’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts expect that Sensata Technologies Holding plc will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.27%. Sensata Technologies’s payout ratio is -436.32%.

Insider Buying and Selling

In related news, Director Ali John Mirshekari purchased 73,137 shares of Sensata Technologies stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ST has been the subject of several research reports. Truist Financial increased their price target on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Vertical Research initiated coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective on the stock. Stifel Nicolaus increased their price objective on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Evercore ISI raised Sensata Technologies from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $60.00 in a report on Monday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $44.90.

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.