Sensata Technologies (NYSE:ST) Reaches New 52-Week Low – Time to Sell?

Sensata Technologies Holding plc (NYSE:ST) reached a new 52-week low during trading on Tuesday . The company traded as low as $30.98 and last traded at $30.98, with a volume of 677 shares changing hands. The stock had previously closed at $31.55.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ST. TD Cowen cut their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Performance

The firm has a 50-day moving average of $34.69 and a 200-day moving average of $37.41. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The firm 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 for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. On average, analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. Sensata Technologies’s payout ratio is currently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently modified their holdings of ST. GAMMA Investing LLC grew its position in shares of Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 774 shares during the period. Versant Capital Management Inc acquired a new stake in Sensata Technologies in the second quarter valued at approximately $37,000. Quarry LP increased its position in shares of 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 buying an additional 738 shares in the last quarter. Assetmark Inc. raised its stake in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after buying an additional 416 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 927 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.