Sensata Technologies Holding plc (NYSE:ST) Receives $39.67 Consensus Target Price from Brokerages

Sensata Technologies Holding plc (NYSE:ST) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.67.

ST has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $37.00 to $34.00 in a report on Monday, January 8th. Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Truist Financial lowered their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock 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 price target on the stock in a report on Tuesday, January 30th. Finally, Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Sensata Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after purchasing an additional 69,837 shares during the last quarter. Select Equity Group L.P. raised its position in Sensata Technologies by 88.2% during the 4th quarter. Select Equity Group L.P. now owns 9,852,952 shares of the scientific and technical instruments company’s stock worth $397,862,000 after buying an additional 4,616,942 shares during the last quarter. BlackRock Inc. raised its position in Sensata Technologies by 0.3% during the 2nd quarter. BlackRock Inc. now owns 9,596,735 shares of the scientific and technical instruments company’s stock worth $431,757,000 after buying an additional 30,787 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Sensata Technologies by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock worth $192,312,000 after buying an additional 62,468 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its position in Sensata Technologies by 10.7% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 4,383,990 shares of the scientific and technical instruments company’s stock worth $197,236,000 after buying an additional 424,995 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Up 4.4 %

Shares of Sensata Technologies stock opened at $36.43 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $50.11. The firm’s 50-day moving average is $34.87 and its two-hundred day moving average is $35.04. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -728.45, a PEG ratio of 0.86 and a beta of 1.36.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The business had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, research analysts expect that Sensata Technologies will post 3.74 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, February 13th. Sensata Technologies’s payout ratio is currently -959.81%.

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.