Sound Income Strategies LLC Boosts Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Sound Income Strategies LLC raised its stake in Sensata Technologies Holding plc (NYSE:ST) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,417 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,950 shares during the quarter. Sound Income Strategies LLC owned 0.06% of Sensata Technologies worth $2,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ST. Millennium Management LLC grew its position 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 buying an additional 2,321,782 shares during the last quarter. Eminence Capital LP lifted its stake in shares of Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after acquiring an additional 826,353 shares during the period. Merewether Investment Management LP purchased a new stake in shares of Sensata Technologies in the third quarter valued at about $25,446,000. FMR LLC increased its stake in shares of Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after acquiring an additional 618,202 shares during the period. Finally, Copeland Capital Management LLC raised its holdings in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after purchasing an additional 319,424 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ST. UBS Group dropped their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Evercore ISI decreased their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus dropped their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird decreased their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. 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 company. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $39.58.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $29.07 on Friday. The company has a market cap of $4.35 billion, a P/E ratio of -53.82, a P/E/G ratio of 0.87 and a beta of 1.24. The business has a fifty day simple moving average of $29.52 and a 200-day simple moving average of $33.96. Sensata Technologies Holding plc has a 52 week low of $26.65 and a 52 week high of $43.14. 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 EPS for the quarter, meeting 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 company had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.44 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.