Sensata Technologies Holding plc (NYSE:ST) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sensata Technologies Holding plc (NYSE:ST) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $41.00.

Several research firms have recently issued reports on ST. Evercore ISI cut their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group dropped their price target on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th.

Sensata Technologies Trading Up 0.1 %

NYSE:ST opened at $32.15 on Friday. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -59.54, a PEG ratio of 0.94 and a beta of 1.25. Sensata Technologies has a 52 week low of $30.43 and a 52 week high of $43.14. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $34.17 and a 200 day moving average of $36.91.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. Sensata Technologies’s payout ratio is -88.89%.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Sensata Technologies by 84.8% in 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 buying an additional 2,321,782 shares in the last quarter. Easterly Investment Partners LLC increased its holdings in Sensata Technologies by 3.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company’s stock worth $8,541,000 after acquiring an additional 8,088 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sensata Technologies by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock worth $52,587,000 after acquiring an additional 122,795 shares during the period. Sei Investments Co. lifted its holdings in Sensata Technologies by 24.9% during the second quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock valued at $17,142,000 after purchasing an additional 91,452 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sensata Technologies in the second quarter valued at about $469,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.