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

Sensata Technologies Holding plc (NYSE:ST) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, May 7th.

Sensata Technologies has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sensata Technologies to earn $4.18 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 11.5%.

Sensata Technologies Stock Performance

NYSE ST opened at $34.42 on Thursday. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $47.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -688.26, a PEG ratio of 0.83 and a beta of 1.37. The company has a fifty day moving average price of $35.02 and a 200-day moving average price of $34.73.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The company had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. Sensata Technologies’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities research analysts predict that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ST has been the topic of several recent research reports. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 30th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Truist Financial dropped their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $37.00 to $34.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.25.

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.