Sensata Technologies Holding N.V. Declares Quarterly Dividend of $0.12 (NYSE:ST)

Sensata Technologies Holding N.V. (NYSE:ST) announced a quarterly dividend on Wednesday, April 15th. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 13th.

Sensata Technologies has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sensata Technologies to earn $3.49 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 13.8%.

Sensata Technologies Price Performance

ST stock opened at $38.74 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.78 and a current ratio of 2.57. Sensata Technologies has a 1 year low of $18.57 and a 1 year high of $39.91. The firm has a market cap of $5.65 billion, a P/E ratio of 203.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The stock has a 50-day simple moving average of $35.89 and a 200-day simple moving average of $33.87.

Sensata Technologies (NYSE:ST) last posted its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.The business had revenue of $917.88 million during the quarter, compared to analyst estimates of $911.03 million. During the same quarter last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ST has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, February 23rd. Robert W. Baird raised their price objective on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company raised their price objective on Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Truist Financial raised their price objective on Sensata Technologies from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Finally, UBS Group raised their price objective on Sensata Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.80.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.