Public Employees Retirement System of Ohio purchased a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,802 shares of the scientific and technical instruments company’s stock, valued at approximately $7,199,000. Public Employees Retirement System of Ohio owned approximately 0.10% of Sensata Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the company. Cullen Capital Management LLC bought a new stake in Sensata Technologies during the 2nd quarter worth $1,415,000. Foster & Motley Inc. acquired a new stake in shares of Sensata Technologies during the second quarter valued at about $2,776,000. Wedge Capital Management L L P NC boosted its stake in shares of Sensata Technologies by 18.3% during the second quarter. Wedge Capital Management L L P NC now owns 141,342 shares of the scientific and technical instruments company’s stock valued at $6,748,000 after purchasing an additional 21,881 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Sensata Technologies during the second quarter worth about $210,000. Finally, Legacy Wealth Asset Management LLC increased its stake in shares of Sensata Technologies by 3.1% in the second quarter. Legacy Wealth Asset Management LLC now owns 16,131 shares of the scientific and technical instruments company’s stock valued at $770,000 after buying an additional 485 shares during the period. 99.42% of the stock is currently owned by institutional investors.
Sensata Technologies Stock Performance
NYSE:ST opened at $40.97 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. Sensata Technologies Holding N.V. has a fifty-two week low of $28.16 and a fifty-two week high of $53.89. The company has a 50 day simple moving average of $45.21 and a two-hundred day simple moving average of $42.85. The company has a market capitalization of $5.96 billion, a PE ratio of 68.28, a P/E/G ratio of 1.23 and a beta of 1.25.
Sensata Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $0.48 annualized dividend and a yield of 1.2%. Sensata Technologies’s payout ratio is presently 80.00%.
Analyst Ratings Changes
Several equities research analysts recently commented on ST shares. The Goldman Sachs Group lifted their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Bank of America upped their price target on shares of Sensata Technologies from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Truist Financial raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $43.00 to $58.00 in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Sensata Technologies from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, Barclays increased their price objective on Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.10.
Read Our Latest Report on Sensata Technologies
Sensata Technologies Company Profile
Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.
Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.
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