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

Sensata Technologies Holding N.V. (NYSE:ST - Get Free Report) announced a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Wednesday, August 13th will be paid a dividend of 0.12 per share by the scientific and technical instruments company on Wednesday, August 27th. This represents a $0.48 annualized dividend and a yield of 1.52%.

Sensata Technologies has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Sensata Technologies stock traded up $0.43 during trading hours on Thursday, reaching $31.52. 1,000,135 shares of the stock traded hands, compared to its average volume of 1,653,033. The company has a 50 day moving average price of $28.40 and a 200 day moving average price of $26.52. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 1.31 and a beta of 1.13. Sensata Technologies has a one year low of $17.32 and a one year high of $42.29. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. The company's revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. On average, equities research analysts expect that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

ST has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Evercore ISI lowered Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their target price for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. The Goldman Sachs Group lifted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Bank of America lifted their price target on shares of Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $35.50.

Insider Buying and Selling at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director owned 41,117 shares of the company's stock, valued at $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.89% of the company's stock.

Institutional Trading of Sensata Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in Sensata Technologies by 107.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company's stock valued at $10,172,000 after acquiring an additional 217,418 shares during the period. United Services Automobile Association bought a new position in shares of Sensata Technologies in the first quarter worth about $246,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sensata Technologies by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company's stock worth $12,280,000 after purchasing an additional 55,045 shares during the last quarter. Institutional investors own 99.42% of the company's stock.

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.

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