Sensata Technologies Holding plc (NYSE:ST) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sensata Technologies Holding plc (NYSE:ST) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.58.

A number of equities research analysts have weighed in on ST shares. TD Cowen reduced their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Evercore ISI reduced their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group decreased their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday. Robert W. Baird dropped their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in Sensata Technologies by 0.5% in the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after acquiring an additional 45,513 shares during the last quarter. State Street Corp lifted its position in shares of Sensata Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares during the period. Millennium Management LLC boosted its stake 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Sensata Technologies by 16.5% during the second 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 buying an additional 658,728 shares during the period. Finally, FMR LLC increased its position in shares of Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Up 0.5 %

ST stock opened at $28.42 on Friday. Sensata Technologies has a 52 week low of $26.65 and a 52 week high of $43.14. The business has a 50-day simple moving average of $29.76 and a 200 day simple moving average of $34.15. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.25 billion, a PE ratio of -52.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts anticipate that Sensata Technologies will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -88.89%.

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.