Sensata Technologies Holding plc (NYSE:ST) Receives Consensus Rating of "Hold" from Analysts – MarketBeat

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Sensata Technologies Holding plc (NYSE:ST – Get Rating) has earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $57.00.
A number of brokerages recently commented on ST. Wolfe Research raised shares of Sensata Technologies from a “peer perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Wednesday, June 22nd. TheStreet downgraded shares of Sensata Technologies from a “b-” rating to a “c” rating in a research note on Friday, May 13th. Citigroup reduced their price target on Sensata Technologies from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. The Goldman Sachs Group reduced their price target on Sensata Technologies from $72.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, June 1st. Finally, Truist Financial reduced their price target on Sensata Technologies from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Wednesday, July 27th.

Insider Activity at Sensata Technologies

In related news, SVP Shannon M. Votava sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $48.81, for a total value of $87,858.00. Following the transaction, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $799,947.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in Sensata Technologies by 2.0% in the second quarter. Goldman Sachs Group Inc. now owns 565,598 shares of the scientific and technical instruments company’s stock valued at $23,365,000 after purchasing an additional 11,172 shares during the last quarter. Wahed Invest LLC purchased a new stake in Sensata Technologies in the second quarter valued at $61,000. Thrivent Financial for Lutherans purchased a new stake in Sensata Technologies in the second quarter valued at $1,058,000. Price T Rowe Associates Inc. MD boosted its holdings in Sensata Technologies by 1.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 133,898 shares of the scientific and technical instruments company’s stock valued at $5,531,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Sensata Technologies by 55.7% in the second quarter. Prudential Financial Inc. now owns 14,299 shares of the scientific and technical instruments company’s stock valued at $598,000 after purchasing an additional 5,117 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $41.18 on Friday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29. Sensata Technologies has a 52 week low of $38.31 and a 52 week high of $65.58. The company has a quick ratio of 2.78, a current ratio of 3.52 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $42.90 and a 200 day moving average of $47.42.
Sensata Technologies (NYSE:ST – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The scientific and technical instruments company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sensata Technologies had a net margin of 6.55% and a return on equity of 17.40%. Sensata Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, sell-side analysts predict that Sensata Technologies will post 3.36 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, August 9th. Sensata Technologies’s payout ratio is 27.67%.

About Sensata Technologies

(Get Rating)
Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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