Sensata Technologies (NYSE:ST) Hits New 12-Month Low – Here’s What Happened

Sensata Technologies Holding plc (NYSE:ST) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $27.12 and last traded at $27.38, with a volume of 217200 shares trading hands. The stock had previously closed at $27.24.

Wall Street Analyst Weigh In

ST has been the subject of several analyst reports. Truist Financial decreased their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Oppenheimer cut their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Performance

The company has a market cap of $4.10 billion, a PE ratio of -50.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The firm’s fifty day moving average is $32.41 and its 200 day moving average is $35.54. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last announced its earnings results 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. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the previous year, the company posted $0.91 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Institutional Trading of Sensata Technologies

Several hedge funds have recently added to or reduced their stakes in ST. Millennium Management LLC boosted its position in shares of Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after purchasing an additional 2,321,782 shares during the period. Eminence Capital LP increased its holdings in Sensata Technologies by 31.8% in the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after buying an additional 826,353 shares in the last quarter. Victory Capital Management Inc. boosted its position in Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after purchasing an additional 727,521 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Sensata Technologies in the 3rd quarter valued at about $25,446,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Sensata Technologies by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares in 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.