Sensata Technologies Holding plc (NYSE:ST) Announces $0.12 Quarterly Dividend

Sensata Technologies Holding plc (NYSE:ST) declared a quarterly dividend on Friday, July 19th, Wall Street Journal reports. Investors of record on Wednesday, August 14th will be paid a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, August 14th.

Sensata Technologies has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Sensata Technologies to earn $4.21 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 11.4%.

Sensata Technologies Price Performance

Shares of ST traded down $2.63 during midday trading on Friday, hitting $38.89. The company’s stock had a trading volume of 2,785,647 shares, compared to its average volume of 2,131,482. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies has a one year low of $30.56 and a one year high of $46.99. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -358.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. The company’s fifty day simple moving average is $40.01 and its two-hundred day simple moving average is $37.07.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Sensata Technologies will post 3.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ali John Mirshekari bought 73,137 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Jefferies Financial Group began coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target on the stock. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $44.00 to $60.00 in a report on Monday, May 6th. Truist Financial raised their price objective on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Stifel Nicolaus raised their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.78.

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.