Clearbridge Investments LLC Has $46.75 Million Holdings in Sensata Technologies Holding plc (NYSE:ST)

Clearbridge Investments LLC raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,244,391 shares of the scientific and technical instruments company’s stock after buying an additional 21,317 shares during the quarter. Clearbridge Investments LLC owned 0.82% of Sensata Technologies worth $46,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ST. Cary Street Partners Investment Advisory LLC raised its position in shares of Sensata Technologies by 1,389.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the period. Principal Securities Inc. purchased a new stake in Sensata Technologies in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust increased its holdings in Sensata Technologies by 761.2% in 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 last quarter. Covestor Ltd grew its holdings in Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 521 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Sensata Technologies during the 4th quarter valued at about $155,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of ST stock opened at $42.00 on Thursday. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $47.41. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of -381.78, a PEG ratio of 1.24 and a beta of 1.32. The business’s fifty day moving average is $37.47 and its 200 day moving average is $35.48. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion for 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 company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Research analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s payout ratio is currently -436.32%.

Insider Activity

In other news, Director Ali John Mirshekari bought 73,137 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the acquisition, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ST shares. Robert W. Baird boosted their price objective on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Stifel Nicolaus boosted their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Truist Financial boosted their target price on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies has an average 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.