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

Sensata Technologies Holding plc (NYSE:ST) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.08.

ST has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 9th. Oppenheimer reduced their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Sensata Technologies by 61.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,036 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 394 shares during the period. Arizona State Retirement System boosted its holdings in Sensata Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after acquiring an additional 405 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Sensata Technologies by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock valued at $1,800,000 after acquiring an additional 420 shares during the period. Alps Advisors Inc. boosted its holdings in Sensata Technologies by 1.8% during the first quarter. Alps Advisors Inc. now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $762,000 after acquiring an additional 566 shares during the period. Finally, Cullen Capital Management LLC boosted its holdings in Sensata Technologies by 1.9% during the fourth quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company’s stock valued at $852,000 after acquiring an additional 590 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Trading Down 1.2%

Sensata Technologies stock opened at $25.23 on Friday. The company’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $26.99. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $42.60. The stock has a market cap of $3.69 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The business had revenue of $911.26 million for the quarter, compared to analysts’ expectations of $878.39 million. During the same period in the previous year, the company posted $0.89 EPS. Sensata Technologies’s revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is 59.26%.

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.