Sensata Technologies Holding plc (NYSE:ST) Position Trimmed by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in Sensata Technologies Holding plc (NYSE:ST) by 53.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,586 shares of the scientific and technical instruments company’s stock after selling 12,397 shares during the period. Bridgewater Associates LP’s holdings in Sensata Technologies were worth $380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ST. GAMMA Investing LLC raised its position in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc acquired a new stake in Sensata Technologies during the 2nd quarter worth about $37,000. Quarry LP lifted its stake in Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of 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 buying an additional 416 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 927 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI reduced their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Wolfe Research began coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial lowered their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, Oppenheimer cut their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.00.

Sensata Technologies Price Performance

NYSE ST opened at $32.33 on Tuesday. The company has a market cap of $4.84 billion, a P/E ratio of -59.87, a P/E/G ratio of 0.94 and a beta of 1.25. Sensata Technologies Holding plc has a 1 year low of $30.43 and a 1 year high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of $34.11 and a 200 day simple moving average of $36.75.

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

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. 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.