Analysts Set Sensata Technologies Holding plc (NYSE:ST) Price Target at $44.40

Shares of Sensata Technologies Holding plc (NYSE:ST) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.40.

ST has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 4th. Bank of America decreased their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Oppenheimer decreased their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Truist Financial decreased their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Finally, Vertical Research initiated coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company.

Sensata Technologies Stock Up 2.1 %

Shares of NYSE ST opened at $35.96 on Friday. 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 company has a market cap of $5.43 billion, a P/E ratio of 899.22, a PEG ratio of 1.39 and a beta of 1.25. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The firm has a 50-day simple moving average of $36.09 and a two-hundred day simple moving average of $37.72.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Research analysts anticipate that Sensata Technologies will post 3.56 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s payout ratio is 1,200.30%.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in Sensata Technologies by 9.0% in the third quarter. Sound Income Strategies LLC now owns 72,467 shares of the scientific and technical instruments company’s stock worth $2,599,000 after purchasing an additional 6,008 shares during the last quarter. CWM LLC grew its holdings in shares of Sensata Technologies by 15.2% during the third quarter. CWM LLC now owns 10,194 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 1,347 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Sensata Technologies during the second quarter valued at $957,000. Coronation Fund Managers Ltd. grew its holdings in shares of Sensata Technologies by 4.6% during the second quarter. Coronation Fund Managers Ltd. now owns 180,008 shares of the scientific and technical instruments company’s stock valued at $6,730,000 after buying an additional 7,915 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other 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.