Foundry Partners LLC Purchases New Shares in Sensata Technologies Holding plc (NYSE:ST)

Foundry Partners LLC acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 107,498 shares of the scientific and technical instruments company’s stock, valued at approximately $4,039,000. Foundry Partners LLC owned about 0.07% of Sensata Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its stake in Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 681 shares during the period. Covestor Ltd boosted its stake in Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the last quarter. CWM LLC grew its position in shares of Sensata Technologies by 253.8% during the 3rd quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company’s stock valued at $114,000 after acquiring an additional 2,162 shares during the period. AlphaMark Advisors LLC purchased a new stake in shares of Sensata Technologies during the 3rd quarter worth approximately $168,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Sensata Technologies by 2,375.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,703 shares of the scientific and technical instruments company’s stock valued at $177,000 after purchasing an additional 4,513 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ST shares. Jefferies Financial Group started coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Truist Financial dropped their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Finally, Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Sensata Technologies has a consensus rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Price Performance

ST traded down $0.15 on Monday, hitting $33.55. The company had a trading volume of 192,454 shares, compared to its average volume of 2,016,136. The stock has a fifty day simple moving average of $34.94 and a 200-day simple moving average of $34.77. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $48.10.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $978.05 million. During the same quarter last year, the company posted $0.96 EPS. Sensata Technologies’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.72 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, February 13th. Sensata Technologies’s payout ratio is -959.81%.

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.