Sensata Technologies Holding plc (NYSE:ST) Receives $44.10 Consensus Target Price from Analysts

Sensata Technologies Holding plc (NYSE:ST) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.10.

Several analysts have recently commented on the company. Vertical Research started coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. Oppenheimer lowered their target price on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Truist Financial reduced their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Wolfe Research began coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Bank of America cut their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th.

Sensata Technologies Trading Down 2.9 %

Shares of ST opened at $35.35 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14. The stock has a market capitalization of $5.32 billion, a P/E ratio of -321.36, a P/E/G ratio of 1.38 and a beta of 1.26. The business’s 50-day moving average price is $37.13 and its 200 day moving average price is $37.74.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that Sensata Technologies will post 3.57 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Institutional Trading of Sensata Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ST. Foundry Partners LLC increased its holdings in shares of Sensata Technologies by 11.8% during the 1st quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after purchasing an additional 12,708 shares during the period. Sei Investments Co. increased its stake in shares of Sensata Technologies by 178.4% in the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock valued at $13,484,000 after buying an additional 235,170 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of Sensata Technologies by 320.9% in the first quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock valued at $1,846,000 after buying an additional 38,318 shares during the last quarter. Point72 Europe London LLP bought a new position in shares of Sensata Technologies in the fourth quarter valued at about $854,000. Finally, Hsbc Holdings PLC grew its holdings in Sensata Technologies by 186.9% during the 4th quarter. Hsbc Holdings PLC now owns 110,510 shares of the scientific and technical instruments company’s stock worth $4,180,000 after acquiring an additional 71,994 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.