Sensata Technologies (NYSE:ST) Reaches New 1-Year Low – Should You Sell?

Shares of Sensata Technologies Holding plc (NYSE:ST) hit a new 52-week low during trading on Monday . The stock traded as low as $27.12 and last traded at $27.38, with a volume of 217200 shares trading hands. The stock had previously closed at $27.24.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ST shares. JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Truist Financial cut their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Evercore ISI lowered their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Oppenheimer decreased their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, TD Cowen dropped their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Price Performance

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 company’s 50-day moving average is $32.59 and its 200-day moving average is $35.63. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -50.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate 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 last year, the company earned $0.91 EPS. Sensata Technologies’s revenue was down 1.8% on a year-over-year basis. Equities research analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Institutional Trading of Sensata Technologies

Hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in shares of Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after buying an additional 23,946 shares in the last quarter. Millennium Management LLC grew its holdings in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. Bank of New York Mellon Corp increased its position in Sensata Technologies by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock valued at $52,587,000 after acquiring an additional 122,795 shares in the last quarter. Sei Investments Co. raised its stake in shares of Sensata Technologies by 24.9% in the second quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock worth $17,142,000 after acquiring an additional 91,452 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Sensata Technologies during the third quarter worth approximately $9,791,000. Institutional investors and hedge funds 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.