State of Michigan Retirement System Has $1.37 Million Holdings in Sensata Technologies Holding plc (NYSE:ST)

State of Michigan Retirement System lifted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,200 shares of the scientific and technical instruments company’s stock after purchasing an additional 900 shares during the quarter. State of Michigan Retirement System’s holdings in Sensata Technologies were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in Sensata Technologies by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 55,227 shares of the scientific and technical instruments company’s stock valued at $2,089,000 after buying an additional 742 shares in the last quarter. Alps Advisors Inc. boosted its stake in Sensata Technologies by 9.3% in the 3rd quarter. Alps Advisors Inc. now owns 27,574 shares of the scientific and technical instruments company’s stock valued at $1,043,000 after buying an additional 2,337 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Sensata Technologies by 25.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 868,202 shares of the scientific and technical instruments company’s stock valued at $32,835,000 after buying an additional 175,359 shares in the last quarter. OLD National Bancorp IN boosted its stake in Sensata Technologies by 15.9% in the 3rd quarter. OLD National Bancorp IN now owns 12,640 shares of the scientific and technical instruments company’s stock valued at $478,000 after buying an additional 1,735 shares in the last quarter. Finally, ASB Consultores LLC acquired a new stake in Sensata Technologies in the 3rd quarter valued at $253,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity at Sensata Technologies

In related news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the acquisition, the director now owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Sensata Technologies Stock Performance

ST stock opened at $37.91 on Friday. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $47.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The business has a fifty day moving average of $39.96 and a 200-day moving average of $36.87.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that Sensata Technologies Holding plc will post 3.75 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, May 22nd. Investors of record on Wednesday, May 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. Sensata Technologies’s dividend payout ratio is presently -436.32%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ST shares. Truist Financial boosted their price target on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Robert W. Baird lifted their price objective on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Stifel Nicolaus lifted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $44.00 to $60.00 in a research report on Monday, May 6th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.78.

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.