Parkside Financial Bank & Trust Boosts Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Parkside Financial Bank & Trust raised its stake in Sensata Technologies Holding plc (NYSE:ST) by 761.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 887 shares of the scientific and technical instruments company’s stock after purchasing an additional 784 shares during the period. Parkside Financial Bank & Trust’s holdings in Sensata Technologies were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky purchased a new position in Sensata Technologies in the third quarter valued at about $1,294,000. Olstein Capital Management L.P. grew its stake in shares of Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after acquiring an additional 35,000 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Sensata Technologies by 6.0% during the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock worth $111,647,000 after acquiring an additional 166,584 shares during the last quarter. Kempner Capital Management Inc. grew its stake in shares of Sensata Technologies by 99.8% during the fourth quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock worth $3,224,000 after acquiring an additional 42,867 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Sensata Technologies by 71.1% during the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock worth $11,492,000 after acquiring an additional 126,295 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ST. Stifel Nicolaus dropped their price target on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Tuesday, January 30th. Truist Financial dropped their price target on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Jefferies Financial Group started coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price for the company. Finally, Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.25.

Sensata Technologies Trading Up 1.7 %

Sensata Technologies stock opened at $34.98 on Friday. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41. The stock has a 50-day moving average price of $35.06 and a 200 day moving average price of $34.69. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results 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 negative net margin of 0.10% and a positive return on equity of 17.47%. The company had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s payout ratio is presently -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.