Analysts Set Sensata Technologies Holding plc (NYSE:ST) Target Price at $38.00

Shares of Sensata Technologies Holding plc (NYSE:ST) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.00.

ST has been the topic of several recent research reports. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Evercore ISI lowered Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $40.00 to $27.00 in a research note on Thursday. The Goldman Sachs Group cut their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group reduced their target price on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after buying an additional 264,334 shares during the last quarter. Prudential Financial Inc. raised its position in Sensata Technologies by 94.7% during the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after acquiring an additional 103,897 shares in the last quarter. Kempner Capital Management Inc. lifted its stake in Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after acquiring an additional 146,449 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Sensata Technologies by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock worth $29,059,000 after acquiring an additional 19,233 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Trading Down 7.8 %

Shares of Sensata Technologies stock opened at $18.68 on Friday. The business has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $30.21. Sensata Technologies has a fifty-two week low of $17.51 and a fifty-two week high of $43.14. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities analysts forecast that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is 57.14%.

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.