Sensata Technologies Holding plc (NYSE:ST) Announces 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 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. 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 Performance

Shares of NYSE ST opened at $35.32 on Wednesday. The company has a 50-day simple moving average of $35.92 and a 200-day simple moving average of $37.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The company has a market cap of $5.33 billion, a PE ratio of 883.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Oppenheimer dropped their price objective on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. Wolfe Research assumed coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Bank of America reduced their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies has an average 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.