Sensata Technologies (NYSE:ST) Price Target Cut to $45.00 by Analysts at TD Cowen

Sensata Technologies (NYSE:ST) had its target price lowered by TD Cowen from $50.00 to $45.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock.

ST has been the topic of a number of other research reports. Stifel Nicolaus lowered their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday. Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective on the stock. Truist Financial reduced their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday. The Goldman Sachs Group reduced their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Up 2.4 %

NYSE ST traded up $0.79 during trading hours on Wednesday, hitting $34.25. 184,835 shares of the company traded hands, compared to its average volume of 1,858,268. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of -61.96, a P/E/G ratio of 1.33 and a beta of 1.25. The business’s 50-day moving average is $35.44 and its 200-day moving average is $37.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Sell-side analysts anticipate that Sensata Technologies will post 3.55 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. Sensata Technologies’s payout ratio is presently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its position in shares of Sensata Technologies by 8.9% during the third quarter. Natixis Advisors LLC now owns 293,248 shares of the scientific and technical instruments company’s stock worth $10,516,000 after acquiring an additional 23,874 shares in the last quarter. Empowered Funds LLC lifted its stake in Sensata Technologies by 12.9% in the 3rd quarter. Empowered Funds LLC now owns 9,635 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 1,098 shares in the last quarter. Parametrica Management Ltd bought a new position in Sensata Technologies in the 3rd quarter valued at $771,000. Oppenheimer Asset Management Inc. boosted its holdings in Sensata Technologies by 14.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 352,488 shares of the scientific and technical instruments company’s stock valued at $12,640,000 after purchasing an additional 44,401 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Sensata Technologies by 13.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock valued at $75,551,000 after purchasing an additional 252,061 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.