Sensata Technologies Holding plc (NYSE:ST) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sensata Technologies Holding plc (NYSE:ST) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $43.78.

Several research firms recently commented on ST. Stifel Nicolaus raised their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Robert W. Baird raised their price target on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Truist Financial raised their target price on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI raised Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $60.00 in a report on Monday, May 6th.

Sensata Technologies Stock Up 0.9 %

Shares of NYSE ST opened at $37.69 on Wednesday. The business’s fifty day moving average price is $39.75 and its 200-day moving average price is $36.84. Sensata Technologies has a one year low of $30.56 and a one year high of $47.41. The stock has a market capitalization of $5.67 billion, a PE ratio of -342.61, a P/E/G ratio of 1.09 and a beta of 1.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $1.01 billion for 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 was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Sensata Technologies will post 3.75 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s dividend payout ratio is presently -436.32%.

Insider Activity

In related news, Director Ali John Mirshekari purchased 73,137 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently added to or reduced their stakes in ST. Invesco Ltd. increased its stake in shares of Sensata Technologies by 71.1% during the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after buying an additional 126,295 shares during the period. Federated Hermes Inc. bought a new stake in Sensata Technologies in the third quarter valued at $788,000. Treasurer of the State of North Carolina increased its position in Sensata Technologies by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after purchasing an additional 340 shares during the period. Toronto Dominion Bank bought a new position in Sensata Technologies in the 3rd quarter worth $1,103,000. Finally, Truist Financial Corp lifted its position in shares of Sensata Technologies by 14.0% in the 3rd quarter. Truist Financial Corp now owns 417,356 shares of the scientific and technical instruments company’s stock worth $15,784,000 after purchasing an additional 51,106 shares during the period. Institutional investors own 99.42% of the company’s stock.

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.