Analysts Set Sensata Technologies Holding plc (NYSE:ST) Target Price at $39.58

Sensata Technologies Holding plc (NYSE:ST) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment 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 objective among brokerages that have updated their coverage on the stock in the last year is $39.58.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Truist Financial reduced their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Robert W. Baird reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ST. Federated Hermes Inc. raised its position in shares of Sensata Technologies by 31.2% in the second quarter. Federated Hermes Inc. now owns 16,593 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 3,948 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Sensata Technologies by 30.9% in the second quarter. Envestnet Asset Management Inc. now owns 722,793 shares of the scientific and technical instruments company’s stock worth $27,025,000 after buying an additional 170,600 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after buying an additional 658,728 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Sensata Technologies during the second quarter valued at about $3,821,000. Finally, Edgestream Partners L.P. purchased a new stake in Sensata Technologies during the second quarter valued at about $609,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $28.65 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The firm’s 50-day simple moving average is $29.39 and its 200 day simple moving average is $33.85. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -53.06, a PEG ratio of 0.87 and a beta of 1.24. Sensata Technologies has a fifty-two week low of $26.65 and a fifty-two week high of $43.14.

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, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. As a group, research analysts anticipate that Sensata Technologies will post 3.44 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.