Fifth Third Bancorp Trims Position in Sensata Technologies Holding plc (NYSE:ST)

Fifth Third Bancorp reduced its position in Sensata Technologies Holding plc (NYSE:ST) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,954 shares of the scientific and technical instruments company’s stock after selling 669 shares during the quarter. Fifth Third Bancorp’s holdings in Sensata Technologies were worth $930,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in Sensata Technologies by 13.7% during the fourth quarter. Sound Income Strategies LLC now owns 82,417 shares of the scientific and technical instruments company’s stock worth $2,258,000 after buying an additional 9,950 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Sensata Technologies during the 4th quarter valued at about $701,000. Crossmark Global Holdings Inc. grew its holdings in shares of Sensata Technologies by 107.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,363 shares of the scientific and technical instruments company’s stock worth $476,000 after purchasing an additional 8,974 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Sensata Technologies by 16.9% in the fourth quarter. Park Avenue Securities LLC now owns 10,852 shares of the scientific and technical instruments company’s stock worth $297,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in Sensata Technologies by 326.8% during the fourth quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company’s stock valued at $1,617,000 after purchasing an additional 45,182 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $27.57 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -51.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. Sensata Technologies Holding plc has a 12 month low of $26.65 and a 12 month high of $43.14. The company has a 50-day moving average price of $29.27 and a 200-day moving average price of $33.61.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 1.74%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on ST shares. UBS Group lowered their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. TD Cowen dropped their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Truist Financial dropped 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. Finally, The Goldman Sachs Group decreased their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.58.

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.