Sensata Technologies (NYSE:ST) Hits New 52-Week Low – Time to Sell?

Shares of Sensata Technologies Holding plc (NYSE:ST) reached a new 52-week low during trading on Monday . The company traded as low as $25.71 and last traded at $25.24, with a volume of 7136 shares traded. The stock had previously closed at $27.16.

Wall Street Analysts Forecast Growth

ST has been the subject of several research reports. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped 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. TD Cowen dropped their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Oppenheimer decreased their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group decreased their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.58.

Sensata Technologies Stock Performance

The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of -47.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $29.04 and its 200-day simple moving average is $33.31.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same period in the prior year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts predict that Sensata Technologies Holding plc will post 3.44 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its stake in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares during the period. Sanctuary Advisors LLC increased its holdings in Sensata Technologies by 54.2% during the 4th quarter. Sanctuary Advisors LLC now owns 14,577 shares of the scientific and technical instruments company’s stock valued at $400,000 after acquiring an additional 5,121 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Sensata Technologies by 24.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 67,759 shares of the scientific and technical instruments company’s stock valued at $1,857,000 after acquiring an additional 13,178 shares in the last quarter. Rhumbline Advisers increased its holdings in Sensata Technologies by 1.4% during the 4th quarter. Rhumbline Advisers now owns 384,823 shares of the scientific and technical instruments company’s stock valued at $10,544,000 after acquiring an additional 5,311 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Sensata Technologies by 1,071.2% during the fourth quarter. Blue Trust Inc. now owns 1,300 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 1,189 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.