Sensata Technologies (NYSE:ST) Hits New 12-Month Low - Here's Why

Shares of Sensata Technologies Holding plc (NYSE:ST - Get Free Report) hit a new 52-week low on Monday . The stock 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.

Analyst Ratings Changes

Several equities analysts have commented on ST shares. Oppenheimer dropped their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Evercore ISI cut their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 15th. TD Cowen cut their price target 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. Wolfe Research began coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, UBS Group reduced their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.00.

Sensata Technologies Price Performance

The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of -50.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The company's fifty day moving average price is $32.59 and its 200 day moving average price is $35.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Equities research analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies's dividend payout ratio (DPR) is -88.89%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after buying an additional 2,321,782 shares during the period. Eminence Capital LP raised its holdings in shares of Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock worth $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Victory Capital Management Inc. boosted its position in Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock valued at $69,350,000 after purchasing an additional 727,521 shares during the last quarter. Merewether Investment Management LP acquired a new position in Sensata Technologies in the 3rd quarter worth about $25,446,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sensata Technologies by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock worth $173,627,000 after purchasing an additional 658,728 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.