Sensata Technologies (NYSE:ST) Stock Gets Price Target Reduction from Truist Financial

Sensata Technologies (NYSE:ST) had its price objective trimmed by Truist Financial from $58.00 to $57.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

Several other analysts have also recently commented on ST. Barclays raised their price target on Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Oppenheimer upped their price objective on Sensata Technologies from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wall Street Zen lowered Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. UBS Group cut their price objective on Sensata Technologies from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Bank of America raised their target price on Sensata Technologies from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.33.

Sensata Technologies Trading Down 2.6%

NYSE ST opened at $40.22 on Wednesday. The stock has a market capitalization of $5.85 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.21 and a beta of 1.25. Sensata Technologies has a 52-week low of $28.16 and a 52-week high of $53.89. The firm has a 50-day moving average price of $41.89 and a 200 day moving average price of $41.85. The company has a quick ratio of 1.58, a current ratio of 2.39 and a debt-to-equity ratio of 0.79.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $972.97 million. During the same quarter in the previous year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that Sensata Technologies will post 3.83 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.2%. Sensata Technologies’s payout ratio is currently 80.00%.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently bought and sold shares of ST. Vise Technologies Inc. increased its position in shares of Sensata Technologies by 40.0% in the third quarter. Vise Technologies Inc. now owns 11,738 shares of the scientific and technical instruments company’s stock valued at $488,000 after buying an additional 3,351 shares in the last quarter. State of Wyoming raised its stake in shares of Sensata Technologies by 52.6% during the 3rd quarter. State of Wyoming now owns 17,334 shares of the scientific and technical instruments company’s stock worth $720,000 after buying an additional 5,974 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Sensata Technologies by 2.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 103,950 shares of the scientific and technical instruments company’s stock worth $4,320,000 after buying an additional 2,900 shares in the last quarter. Signaturefd LLC boosted its position in shares of Sensata Technologies by 124.1% in the 3rd quarter. Signaturefd LLC now owns 2,302 shares of the scientific and technical instruments company’s stock worth $96,000 after buying an additional 1,275 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Sensata Technologies in the 3rd quarter worth about $208,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.