Sensata Technologies Holding plc (NYSE:ST) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sensata Technologies Holding plc (NYSE:ST) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.40.

A number of equities research analysts have recently issued reports on ST shares. Truist Financial reduced their price objective on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Vertical Research started coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective for the company. Bank of America reduced their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Evercore ISI cut their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group cut their price target 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.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $35.45 on Friday. The business’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $37.71. The company has a market cap of $5.34 billion, a PE ratio of -322.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14.

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

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.35%. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Sensata Technologies during the second quarter worth $37,000. Quarry LP increased its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC acquired a new stake in Sensata Technologies in the first quarter valued at $85,000. Finally, First Horizon Advisors Inc. increased its holdings in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.