Harvey Investment Co. LLC Reduces Position in Sensata Technologies Holding plc (NYSE:ST)

Harvey Investment Co. LLC lessened its position in Sensata Technologies Holding plc (NYSE:ST) by 12.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 74,956 shares of the scientific and technical instruments company’s stock after selling 10,865 shares during the period. Harvey Investment Co. LLC’s holdings in Sensata Technologies were worth $2,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Quarry LP boosted its position in Sensata Technologies by 61.2% during the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares in the last quarter. Assetmark Inc. raised its position in shares of Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares in the last quarter. R Squared Ltd purchased a new position in shares of Sensata Technologies in the 4th quarter valued at approximately $104,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Sensata Technologies during the third quarter valued at approximately $237,000. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ST. Evercore ISI decreased their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Oppenheimer decreased their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. One investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.58.

Sensata Technologies Trading Down 0.5 %

Shares of NYSE ST opened at $25.46 on Friday. The stock has a market capitalization of $3.81 billion, a P/E ratio of -47.15, a PEG ratio of 0.82 and a beta of 1.23. Sensata Technologies Holding plc has a 1-year low of $24.91 and a 1-year high of $43.14. The business’s 50 day moving average is $28.62 and its two-hundred day moving average is $33.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, research analysts expect that Sensata Technologies Holding plc will post 3.44 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Sensata Technologies Company 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.