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

Sensata Technologies Holding plc (NYSE:ST) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $44.10.

ST has been the subject of several recent research reports. Bank of America reduced their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Vertical Research initiated coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. Oppenheimer lowered their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Truist Financial decreased their target price 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.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently bought and sold shares of ST. Foundry Partners LLC increased its holdings in shares of Sensata Technologies by 11.8% in the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock valued at $4,416,000 after purchasing an additional 12,708 shares during the last quarter. Sei Investments Co. grew its stake in Sensata Technologies by 178.4% in the 1st 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 during the last quarter. Alaska Permanent Fund Corp raised its holdings in Sensata Technologies by 320.9% in the 1st 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 acquiring an additional 38,318 shares during the period. Point72 Europe London LLP acquired a new stake in Sensata Technologies during the fourth quarter worth approximately $854,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Sensata Technologies by 186.9% during the fourth 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 period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST opened at $35.36 on Monday. The stock has a market cap of $5.32 billion, a P/E ratio of -321.41, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $37.69. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14.

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

Sensata Technologies Dividend Announcement

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

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.