Sensata Technologies Holding plc (NYSE:ST) Given Average Recommendation of “Hold” by Analysts

Shares of Sensata Technologies Holding plc (NYSE:ST) have been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One equities research 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 12 month price objective among analysts that have updated their coverage on the stock in the last year is $41.00.

Several research firms have recently commented on ST. Oppenheimer lowered their target price 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. TD Cowen reduced their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird cut their price target 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, The Goldman Sachs Group decreased their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st.

Sensata Technologies Stock Performance

NYSE:ST opened at $32.15 on Friday. The stock has a 50-day simple moving average of $34.17 and a two-hundred day simple moving average of $36.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies has a 52-week low of $30.43 and a 52-week high of $43.14. The firm has a market capitalization of $4.81 billion, a PE ratio of -59.54, a P/E/G ratio of 0.94 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued 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. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Analysts forecast that Sensata Technologies will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. Sensata Technologies’s payout ratio is -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently made changes to their positions in the company. Swedbank AB bought a new position in shares of Sensata Technologies during the first quarter valued at approximately $1,249,000. Boston Partners lifted its holdings in Sensata Technologies by 13.0% during the first quarter. Boston Partners now owns 1,379,250 shares of the scientific and technical instruments company’s stock worth $50,481,000 after buying an additional 158,947 shares during the period. GAMMA Investing LLC boosted its position in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 774 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Sensata Technologies in the 2nd quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Sensata Technologies by 305.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 264,895 shares of the scientific and technical instruments company’s stock worth $9,904,000 after acquiring an additional 199,548 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.