Brokerages Set Sensata Technologies Holding plc (NYSE:ST) Target Price at $62.10

Shares of Sensata Technologies Holding plc (NYSE:STGet Rating) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.10.

ST has been the subject of a number of research reports. TheStreet lowered shares of Sensata Technologies from a “b-” rating to a “c” rating in a report on Friday, May 13th. Truist Financial lowered their price target on Sensata Technologies from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, April 8th. Morgan Stanley dropped their price target on Sensata Technologies from $75.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, February 2nd. UBS Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $68.00 in a research note on Monday, February 14th. Finally, Citigroup cut their target price on shares of Sensata Technologies from $60.00 to $50.00 in a research report on Wednesday, April 27th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Sensata Technologies by 130.4% in the 4th quarter. Allworth Financial LP now owns 546 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 309 shares during the period. Crewe Advisors LLC acquired a new stake in Sensata Technologies in the fourth quarter valued at $55,000. Rockefeller Capital Management L.P. increased its holdings in Sensata Technologies by 1,250.7% in the third quarter. Rockefeller Capital Management L.P. now owns 932 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 863 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Sensata Technologies by 24.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,165 shares of the scientific and technical instruments company’s stock valued at $72,000 after acquiring an additional 227 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Sensata Technologies in the fourth quarter worth $81,000. Institutional investors own 98.43% of the company’s stock.

Shares of ST stock traded up $0.11 during trading hours on Friday, reaching $45.30. 3,080 shares of the company were exchanged, compared to its average volume of 1,553,043. The stock’s fifty day moving average is $48.05 and its two-hundred day moving average is $54.91. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 1.30. Sensata Technologies has a fifty-two week low of $42.67 and a fifty-two week high of $65.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.68 and a quick ratio of 2.91.

Sensata Technologies (NYSE:STGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $975.77 million during the quarter, compared to the consensus estimate of $960.62 million. Sensata Technologies had a return on equity of 18.28% and a net margin of 8.62%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, research analysts anticipate that Sensata Technologies will post 3.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, May 10th. Sensata Technologies’s dividend payout ratio (DPR) is presently 21.15%.

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)

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