Sensata Technologies Holding plc (NYSE:ST) Plans Quarterly Dividend of $0.12

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Monday, October 28th, NASDAQ reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, November 27th. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date is Wednesday, November 13th.

Sensata Technologies has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sensata Technologies to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.5%.

Sensata Technologies Price Performance

ST stock traded down $0.23 during trading on Tuesday, hitting $35.32. The company had a trading volume of 668,396 shares, compared to its average volume of 1,864,503. The business has a 50 day moving average of $35.96 and a 200 day moving average of $37.67. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 883.47, a P/E/G ratio of 1.39 and a beta of 1.25. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that Sensata Technologies will post 3.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ST. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 4th. Evercore ISI decreased their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Truist Financial dropped their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, July 30th. Bank of America reduced their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, Vertical Research started coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.40.

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.