Sensata Technologies Holding plc Plans Quarterly Dividend of $0.12 (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST) declared a quarterly dividend on Monday, October 28th, NASDAQ reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, November 13th.

Sensata Technologies has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sensata Technologies to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.5%.

Sensata Technologies Stock Down 0.6 %

NYSE ST traded down $0.22 on Tuesday, reaching $35.33. The company had a trading volume of 668,396 shares, compared to its average volume of 1,864,503. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 888.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14. The company’s fifty day moving average is $35.96 and its 200-day moving average is $37.67.

Sensata Technologies (NYSE:ST) last announced its 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. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. On average, research analysts forecast that Sensata Technologies will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ST shares. JPMorgan Chase & Co. reduced their target price 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. Truist Financial reduced their price objective 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. Evercore ISI reduced their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on shares of 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, Bank of America reduced their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $43.40.

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.