Sensata Technologies Holding plc (NYSE:ST) Receives $41.00 Average Price Target from Analysts

Sensata Technologies Holding plc (NYSE:ST) has been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. One 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 1 year target price among brokerages that have covered the stock in the last year is $41.00.

A number of research analysts have recently commented on ST shares. JPMorgan Chase & Co. lowered their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group dropped their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Truist Financial dropped their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Finally, Oppenheimer reduced their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $27.38 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. Sensata Technologies has a one year low of $27.12 and a one year high of $43.14. The business’s 50-day moving average price is $31.74 and its two-hundred day moving average price is $35.26. The company has a market capitalization of $4.10 billion, a P/E ratio of -50.70, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

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

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -88.89%.

Institutional Trading of Sensata Technologies

Several large investors have recently made changes to their positions in ST. Quarry LP raised its position in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares during the last quarter. Assetmark Inc. lifted its holdings in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares during the period. nVerses Capital LLC bought a new position in Sensata Technologies in the second quarter valued at approximately $131,000. Canada Pension Plan Investment Board acquired a new stake in Sensata Technologies during the 2nd quarter worth $142,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Sensata Technologies during the 3rd quarter valued at $237,000. 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.