Brokerages Set Sensata Technologies Holding plc (NYSE:ST) Target Price at $43.40

Shares of Sensata Technologies Holding plc (NYSE:ST) have been given an average rating of “Hold” by the thirteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.00.

ST has been the subject of several recent research reports. Oppenheimer lowered their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday. Evercore ISI cut their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. UBS Group lowered their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America lowered their price target 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. Finally, TD Cowen cut their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday.

Sensata Technologies Stock Up 0.0 %

NYSE ST opened at $33.47 on Tuesday. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The stock has a market capitalization of $5.05 billion, a PE ratio of -61.98, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The business’s 50-day moving average is $35.35 and its 200 day moving average is $37.62.

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 the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. The business had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts forecast that Sensata Technologies will post 3.55 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. Sensata Technologies’s dividend payout ratio is -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Sensata Technologies by 2,624.2% in the 1st quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock valued at $33,730,000 after purchasing an additional 884,381 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after purchasing an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in Sensata Technologies during the 1st quarter valued at $28,969,000. Finally, Victory Capital Management Inc. raised its holdings in Sensata Technologies by 64.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after buying an additional 727,521 shares during the period. Hedge funds and other 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.