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

Sensata Technologies Holding plc (NYSE:ST) declared 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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, May 7th.

Sensata Technologies has a payout ratio of 11.5% indicating that 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 Price Performance

Shares of NYSE ST traded down $0.40 during trading on Thursday, reaching $34.02. The company had a trading volume of 44,176 shares, compared to its average volume of 1,984,779. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $47.41. The stock has a market capitalization of $5.12 billion, a PE ratio of -688.26, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock has a 50-day moving average price of $35.02 and a two-hundred day moving average price of $34.73. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13.

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

Wall Street Analysts Forecast Growth

ST has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Finally, Truist Financial reduced their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.