Sensata Technologies Holding plc (NYSE:ST) Receives $39.25 Average PT from Brokerages

Sensata Technologies Holding plc (NYSE:ST) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $39.25.

A number of equities analysts recently weighed in on the stock. Bank of America lowered shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Truist Financial reduced their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company.

Sensata Technologies Price Performance

ST opened at $34.26 on Friday. 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 has a 12 month low of $30.56 and a 12 month high of $48.10. The company has a fifty day simple moving average of $34.98 and a 200 day simple moving average of $34.73. The stock has a market cap of $5.16 billion, a P/E ratio of -685.20, a P/E/G ratio of 0.82 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 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 firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $978.05 million. During the same quarter in the prior year, the company earned $0.96 EPS. Sensata Technologies’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Sensata Technologies will post 3.72 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. Sensata Technologies’s dividend payout ratio is -960.00%.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently bought and sold shares of ST. CWM LLC lifted its stake in Sensata Technologies by 253.8% in the 3rd quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company’s stock valued at $114,000 after purchasing an additional 2,162 shares during the last quarter. SG Americas Securities LLC raised its holdings in Sensata Technologies by 153.8% in the 3rd quarter. SG Americas Securities LLC now owns 13,102 shares of the scientific and technical instruments company’s stock valued at $496,000 after acquiring an additional 7,940 shares during the period. State of Alaska Department of Revenue bought a new position in Sensata Technologies in the 3rd quarter valued at about $685,000. GHP Investment Advisors Inc. raised its holdings in Sensata Technologies by 15.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 16,019 shares of the scientific and technical instruments company’s stock valued at $589,000 after acquiring an additional 2,164 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Sensata Technologies by 13.1% in the 3rd quarter. Boston Trust Walden Corp now owns 14,741 shares of the scientific and technical instruments company’s stock valued at $558,000 after acquiring an additional 1,705 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Company 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.