Sensata Technologies (NYSE:ST) Hits New 12-Month Low – Here’s What Happened

Sensata Technologies Holding plc (NYSE:ST) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $26.72 and last traded at $26.84, with a volume of 70087 shares trading hands. The stock had previously closed at $27.38.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ST. Robert W. Baird cut their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus cut their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Wolfe Research started coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. 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’s stock. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Down 1.2 %

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The firm has a market capitalization of $4.04 billion, a PE ratio of -50.07, a P/E/G ratio of 0.89 and a beta of 1.22. The business’s 50 day moving average price is $31.74 and its 200-day moving average price is $35.21.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.12 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.78%. Sensata Technologies’s dividend payout ratio is presently -88.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Sensata Technologies by 66.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after purchasing an additional 264,334 shares during the last quarter. 272 Capital LP purchased a new position in Sensata Technologies in the third quarter valued at $292,000. Franklin Resources Inc. raised its stake in Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after buying an additional 403 shares in the last quarter. Tidal Investments LLC lifted its holdings in Sensata Technologies by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after buying an additional 314 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Sensata Technologies by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock worth $90,393,000 after acquiring an additional 24,707 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.