Sensata Technologies Holding plc (NYSE:ST) Receives $43.40 Average PT from Brokerages

Sensata Technologies Holding plc (NYSE:ST) has earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.00.

ST has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus cut their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Bank of America cut their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Wolfe Research assumed coverage on Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird reduced their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

Sensata Technologies Trading Down 1.2 %

NYSE:ST opened at $33.09 on Tuesday. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.31 and a current ratio of 2.60. The stock has a fifty day moving average price of $35.24 and a two-hundred day moving average price of $37.62. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -61.28, a PEG ratio of 0.97 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. As a group, sell-side analysts anticipate that Sensata Technologies will post 3.46 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.45%. Sensata Technologies’s payout ratio is -88.89%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after purchasing an additional 2,321,782 shares during the last quarter. SG Americas Securities LLC lifted its stake in Sensata Technologies by 2,624.2% during the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock valued at $33,730,000 after buying an additional 884,381 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of Sensata Technologies by 31.8% in the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after buying an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in shares of Sensata Technologies in the first quarter worth approximately $28,969,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after acquiring an additional 727,521 shares during the period. 99.42% of the stock is 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.