Sensata Technologies (NYSE:ST) Sets New 1-Year Low – Time to Sell?

Sensata Technologies Holding plc (NYSE:ST)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $30.33 and last traded at $30.36, with a volume of 1349892 shares. The stock had previously closed at $31.14.

Analyst Ratings Changes

ST has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price 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. Oppenheimer lowered their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price target 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. Finally, Evercore ISI lowered their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Performance

The firm’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $36.48. 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 has a market capitalization of $4.58 billion, a PE ratio of -56.70, a P/E/G ratio of 0.92 and a beta of 1.22.

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 for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. As a group, research analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its position in Sensata Technologies by 0.5% during the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after purchasing an additional 45,513 shares during the last quarter. State Street Corp raised its stake in shares of Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. Millennium Management LLC lifted its stake in Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.