Robert W. Baird Lowers Sensata Technologies (NYSE:ST) Price Target to $36.00

Sensata Technologies (NYSE:ST) had its price objective reduced by analysts at Robert W. Baird from $40.00 to $36.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price objective points to a potential upside of 7.02% from the stock’s current price.

ST has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 4th. Bank of America lowered their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Oppenheimer cut their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Wolfe Research began coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Evercore ISI cut their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.30.

Sensata Technologies Trading Down 2.4 %

Shares of NYSE ST opened at $33.64 on Tuesday. The business has a fifty day moving average price of $35.65 and a 200 day moving average price of $37.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14. The stock has a market capitalization of $5.08 billion, a P/E ratio of 841.21, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that Sensata Technologies will post 3.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after buying an additional 416 shares during the last quarter. Easterly Investment Partners LLC increased its stake in Sensata Technologies by 5.0% during the third quarter. Easterly Investment Partners LLC now owns 239,878 shares of the scientific and technical instruments company’s stock worth $8,602,000 after acquiring an additional 11,438 shares during the last quarter. Olstein Capital Management L.P. raised its position in Sensata Technologies by 8.5% in the third quarter. Olstein Capital Management L.P. now owns 371,000 shares of the scientific and technical instruments company’s stock valued at $13,304,000 after purchasing an additional 29,000 shares during the period. Poplar Forest Capital LLC lifted its stake in shares of Sensata Technologies by 4.7% in the 3rd quarter. Poplar Forest Capital LLC now owns 575,771 shares of the scientific and technical instruments company’s stock valued at $20,647,000 after purchasing an additional 25,889 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after purchasing an additional 602 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.