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

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) 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 1.40%. The ex-dividend date of this dividend is Tuesday, May 7th.

Sensata Technologies has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.1 %

Shares of NYSE:ST traded down $0.04 on Thursday, hitting $34.38. The company had a trading volume of 819,099 shares, compared to its average volume of 1,995,073. The firm's 50-day simple moving average is $35.03 and its two-hundred day simple moving average is $34.72. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $47.41. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -687.46, a P/E/G ratio of 0.83 and a beta of 1.37.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The company had revenue of $992.50 million during the quarter, compared to analysts' expectations of $978.05 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts anticipate that Sensata Technologies will post 3.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, February 7th. JPMorgan Chase & Co. cut shares of Sensata Technologies from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Truist Financial decreased their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, February 7th. Finally, Jefferies Financial Group began coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a "hold" rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Sensata Technologies has a consensus rating of "Hold" and a consensus 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.