Epoch Investment Partners Inc. Sells 720,862 Shares of Sensata Technologies Holding plc (NYSE:ST)

Epoch Investment Partners Inc. trimmed its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 97.8% in the first quarter, HoldingsChannel.com reports. The fund owned 16,407 shares of the scientific and technical instruments company’s stock after selling 720,862 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Sensata Technologies were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ST. Principal Securities Inc. bought a new stake in shares of Sensata Technologies during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust lifted its position in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Sensata Technologies during the 1st quarter valued at $85,000. TFO Wealth Partners LLC lifted its position in shares of Sensata Technologies by 17,818.8% during the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after acquiring an additional 2,851 shares during the period. Finally, Covestor Ltd lifted its position in shares of Sensata Technologies by 130.1% during the 1st quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock valued at $140,000 after acquiring an additional 2,157 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Insider Transactions at Sensata Technologies

In related news, Director Ali John Mirshekari acquired 73,137 shares of Sensata Technologies stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Sensata Technologies Trading Up 2.6 %

NYSE:ST traded up $0.98 on Friday, reaching $38.23. 1,752,836 shares of the stock traded hands, compared to its average volume of 1,880,158. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of -347.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26. The company’s 50 day moving average is $39.49 and its 200-day moving average is $37.15. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities research analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

Analyst Ratings Changes

Several brokerages recently weighed in on ST. Truist Financial upped their price objective on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Robert W. Baird upped their price objective on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. Finally, Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $44.00 to $60.00 in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.90.

About Sensata Technologies

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.