Sensata Technologies (NYSE:ST) PT Lowered to $47.00

Sensata Technologies (NYSE:ST) had its price objective reduced by Oppenheimer from $50.00 to $47.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the scientific and technical instruments company’s stock.

A number of other analysts have also weighed in on ST. Stifel Nicolaus upped their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a hold rating in a research note on Tuesday, April 30th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a hold rating and a $40.00 target price on the stock. Robert W. Baird boosted their target price on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a report on Tuesday, April 30th. Evercore ISI upgraded shares of Sensata Technologies from an in-line rating to an outperform rating and boosted their target price for the stock from $44.00 to $60.00 in a report on Monday, May 6th. Finally, Truist Financial dropped their target price on shares of Sensata Technologies from $46.00 to $38.00 and set a hold rating on the stock in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $44.10.

Sensata Technologies Trading Down 2.8 %

Sensata Technologies stock opened at $36.24 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $39.04 and a two-hundred day moving average price of $37.26. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of -329.42, a PEG ratio of 1.34 and a beta of 1.26. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $43.14.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. Sensata Technologies’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. Sell-side analysts expect that Sensata Technologies will post 3.57 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. Sensata Technologies’s dividend payout ratio is currently -436.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ST. Kodai Capital Management LP purchased a new position in Sensata Technologies during the fourth quarter valued at approximately $133,156,000. Eminence Capital LP bought a new stake in Sensata Technologies in the fourth quarter worth approximately $46,794,000. SG Americas Securities LLC grew its position in Sensata Technologies by 2,624.2% in the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after acquiring an additional 884,381 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in Sensata Technologies in the first quarter worth approximately $28,969,000. Finally, National Bank of Canada FI grew its position in Sensata Technologies by 1,585.8% in the first quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock worth $25,884,000 after acquiring an additional 662,728 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.