Sensata Technologies Holding plc (NYSE:ST) Stock Position Trimmed by Millennium Management LLC

Millennium Management LLC trimmed its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,272,275 shares of the scientific and technical instruments company's stock after selling 2,588,032 shares during the quarter. Millennium Management LLC owned approximately 1.52% of Sensata Technologies worth $62,260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Sensata Technologies by 738.7% in 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. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies in the fourth quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 817 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Sensata Technologies by 524.8% in the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after acquiring an additional 2,325 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ST has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird reduced their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company increased their target price on Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of "Hold" and an average target price of $34.08.

Sensata Technologies Trading Up 0.6%

NYSE:ST traded up $0.15 on Tuesday, hitting $26.80. 674,828 shares of the stock were exchanged, compared to its average volume of 1,701,808. The stock has a market cap of $3.92 billion, a PE ratio of 31.71, a PEG ratio of 1.25 and a beta of 1.02. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $23.16 and a 200-day moving average of $27.10. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $42.96.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The company had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business's quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's dividend payout ratio is currently 59.26%.

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.