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

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Monday, October 28th, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 13th.

Sensata Technologies has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.6 %

Shares of NYSE ST traded down $0.23 during mid-day trading on Tuesday, reaching $35.32. The company had a trading volume of 668,396 shares, compared to its average volume of 1,864,503. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The stock’s 50 day moving average is $35.96 and its 200-day moving average is $37.67. The stock has a market capitalization of $5.33 billion, a PE ratio of 883.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ST. Evercore ISI dropped their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Oppenheimer lowered their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Wolfe Research initiated coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Bank of America lowered their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Finally, Truist Financial reduced their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. One research 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 MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.40.

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.