Analysts Set Sensata Technologies Holding plc (NYSE:ST) Price Target at $43.78

Shares of Sensata Technologies Holding plc (NYSE:ST) have received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.78.

A number of equities research analysts have recently weighed in on ST shares. Truist Financial lifted their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Stifel Nicolaus lifted their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Finally, Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $44.00 to $60.00 in a research note on Monday, May 6th.

Sensata Technologies Price Performance

Shares of ST stock opened at $38.57 on Wednesday. The firm has a 50 day moving average price of $40.02 and a two-hundred day moving average price of $36.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Research analysts predict that Sensata Technologies will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.24%. Sensata Technologies’s payout ratio is presently -436.32%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of Sensata Technologies stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Sensata Technologies

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in Sensata Technologies by 71.1% in the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after buying an additional 126,295 shares during the period. Federated Hermes Inc. acquired a new position in Sensata Technologies in the third quarter valued at $788,000. Treasurer of the State of North Carolina lifted its holdings in Sensata Technologies by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after buying an additional 340 shares during the period. Toronto Dominion Bank acquired a new position in Sensata Technologies in the third quarter valued at $1,103,000. Finally, Truist Financial Corp lifted its holdings in Sensata Technologies by 14.0% in the third quarter. Truist Financial Corp now owns 417,356 shares of the scientific and technical instruments company’s stock valued at $15,784,000 after buying an additional 51,106 shares during the period. Institutional investors 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.