Sensata Technologies (NYSE:ST) Reaches New 52-Week Low – Should You Sell?

Shares of Sensata Technologies Holding plc (NYSE:ST) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $27.12 and last traded at $27.38, with a volume of 217200 shares traded. The stock had previously closed at $27.24.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ST. JPMorgan Chase & Co. cut their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird cut their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial lowered their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, Oppenheimer cut their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One equities research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

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 company has a 50-day moving average price of $32.41 and a two-hundred day moving average price of $35.54. The stock has a market capitalization of $4.10 billion, a P/E ratio of -50.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, equities analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. Millennium Management LLC raised its position in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after purchasing an additional 2,321,782 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sensata Technologies by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock valued at $52,587,000 after purchasing an additional 122,795 shares in the last quarter. Sei Investments Co. lifted its position in Sensata Technologies by 24.9% during the second quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock valued at $17,142,000 after buying an additional 91,452 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in Sensata Technologies in the third quarter worth about $9,791,000. Institutional investors and hedge funds 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.