Sensata Technologies Holding plc (NYSE:ST) Receives $38.00 Average Price Target from Brokerages

Shares of Sensata Technologies Holding plc (NYSE:ST) have been given an average recommendation of “Hold” by the eleven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.73.

A number of brokerages have recently commented on ST. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $31.00 to $27.00 in a report on Thursday. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Oppenheimer dropped their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, UBS Group dropped their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday.

Sensata Technologies Stock Performance

NYSE ST opened at $19.44 on Friday. The stock has a market capitalization of $2.91 billion, a PE ratio of 23.14, a P/E/G ratio of 1.25 and a beta of 1.12. The business has a 50 day simple moving average of $26.18 and a two-hundred day simple moving average of $29.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies has a 1-year low of $17.32 and a 1-year high of $43.14.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, research analysts predict that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its position in Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Sensata Technologies during the 4th quarter valued at $27,000. Parallel Advisors LLC raised its position in Sensata Technologies by 278.8% during the 1st quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 1,118 shares in the last quarter. Venturi Wealth Management LLC raised its position in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares in the last quarter. Finally, Quarry LP raised its position in Sensata Technologies by 61.2% during the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after purchasing an additional 651 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

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.