Sensata Technologies Holding plc (NYSE:ST) Announces Quarterly Dividend of $0.12

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, February 26th. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, February 12th.

Sensata Technologies has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sensata Technologies to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.5%.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $28.65 on Friday. 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 fifty-two week low of $26.65 and a fifty-two week high of $43.14. The stock has a fifty day moving average of $29.39 and a two-hundred day moving average of $33.85.

Sensata Technologies (NYSE:ST) last released its 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 for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. As a group, analysts forecast that Sensata Technologies will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Oppenheimer cut their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus cut their price target 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. Finally, Evercore ISI lowered their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.58.

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.