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

Sensata Technologies Holding plc (NYSE:ST) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.00.

A number of research firms recently commented on ST. Robert W. Baird lowered their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target 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. Truist Financial lowered 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. UBS Group reduced their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Wolfe Research assumed coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock.

Sensata Technologies Stock Performance

ST stock opened at $30.62 on Friday. The business has a 50 day moving average of $33.72 and a 200-day moving average of $36.52. The firm has a market cap of $4.58 billion, a PE ratio of -56.70, a P/E/G ratio of 0.94 and a beta of 1.22. Sensata Technologies has a 12-month low of $30.33 and a 12-month 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.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same period in the previous 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 expect that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ST. GAMMA Investing LLC increased its position in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 774 shares during the period. Versant Capital Management Inc purchased a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $37,000. Quarry LP raised its position in shares of Sensata Technologies by 227.1% in the 2nd 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 in the last quarter. Assetmark Inc. lifted its stake in shares of Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares in the last quarter. 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.