Brokerages Set Sensata Technologies Holding plc (NYSE:ST) PT at $39.25

Sensata Technologies Holding plc (NYSE:ST) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.25.

Several equities research analysts recently issued reports on ST shares. Truist Financial cut their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Stifel Nicolaus dropped their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, January 30th. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group initiated coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective on the stock.

Sensata Technologies Trading Down 0.1 %

Shares of Sensata Technologies stock opened at $34.38 on Friday. The business’s fifty day simple moving average is $35.03 and its 200-day simple moving average is $34.72. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $47.41.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company had revenue of $992.50 million for the quarter, compared to analyst estimates of $978.05 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. Sensata Technologies’s revenue was down 2.2% on a year-over-year basis. Research analysts predict that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is -959.81%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its stake in Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 681 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust grew its stake in Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 784 shares during the last quarter. Covestor Ltd increased its position in Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 521 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after buying an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.