Sensata Technologies Holding plc (NYSE:ST) Receives $39.58 Consensus Price Target from Brokerages

Shares of Sensata Technologies Holding plc (NYSE:ST) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the company, 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 $39.58.

A number of research analysts have commented on ST shares. Robert W. Baird lowered their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Evercore ISI decreased their price target on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Oppenheimer dropped their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a report 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 on the stock in a research note on Wednesday, November 6th. Finally, Truist Financial dropped their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th.

Sensata Technologies Stock Up 1.8 %

Shares of NYSE ST opened at $28.94 on Friday. Sensata Technologies has a 12-month low of $26.65 and a 12-month high of $43.14. The firm’s 50-day simple moving average is $29.68 and its 200 day simple moving average is $34.06. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -53.59, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting 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%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. On average, research analysts expect that Sensata Technologies will post 3.44 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 annualized dividend and a yield of 1.66%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Olstein Capital Management L.P. increased its holdings in shares of Sensata Technologies by 19.7% in the fourth quarter. Olstein Capital Management L.P. now owns 444,074 shares of the scientific and technical instruments company’s stock worth $12,168,000 after acquiring an additional 73,074 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Sensata Technologies by 13.7% in the 4th quarter. Sound Income Strategies LLC now owns 82,417 shares of the scientific and technical instruments company’s stock valued at $2,258,000 after purchasing an additional 9,950 shares during the period. SG Americas Securities LLC bought a new stake in Sensata Technologies during the 4th quarter worth approximately $701,000. Crossmark Global Holdings Inc. raised its holdings in Sensata Technologies by 107.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,363 shares of the scientific and technical instruments company’s stock worth $476,000 after buying an additional 8,974 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Sensata Technologies by 16.9% in the fourth quarter. Park Avenue Securities LLC now owns 10,852 shares of the scientific and technical instruments company’s stock valued at $297,000 after buying an additional 1,571 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

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.