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

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 8th will be given a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, May 7th.

Sensata Technologies has a payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sensata Technologies to earn $4.20 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 11.4%.

Sensata Technologies Stock Performance

NYSE ST opened at $40.07 on Monday. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $47.41. The firm has a 50 day moving average of $35.49 and a two-hundred day moving average of $34.71. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts predict that Sensata Technologies will post 3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ST shares. Stifel Nicolaus boosted their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Truist Financial upped their target price on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Bank of America lowered shares of Sensata Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Robert W. Baird boosted their price objective on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.00.

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.