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

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, February 26th. This represents a $0.48 annualized dividend and a yield of 1.65%.

Sensata Technologies has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sensata Technologies to earn $3.30 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 14.5%.

Sensata Technologies Stock Performance

Shares of ST opened at $29.07 on Friday. Sensata Technologies has a 1-year low of $26.65 and a 1-year high of $43.14. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The firm’s 50-day moving average price is $29.52 and its 200-day moving average price is $33.96.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Sensata Technologies will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ST shares. TD Cowen dropped their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus reduced their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, Evercore ISI reduced their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.58.

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.