Sensata Technologies (NYSE:ST) Price Target Cut to $40.00 by Analysts at Evercore ISI

Sensata Technologies (NYSE:ST) had its price target decreased by Evercore ISI from $43.00 to $40.00 in a research note published on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the scientific and technical instruments company’s stock.

ST has been the subject of several other reports. TD Cowen reduced their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Robert W. Baird reduced their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Finally, Oppenheimer reduced 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 report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $28.42 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock has a market cap of $4.25 billion, a P/E ratio of -52.62, a P/E/G ratio of 0.83 and a beta of 1.24. The stock has a 50 day moving average of $29.76 and a two-hundred day moving average of $34.17. Sensata Technologies has a twelve month low of $26.65 and a twelve month high of $43.14.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, research analysts forecast that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -88.89%.

Institutional Trading of Sensata Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its position in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. Millennium Management LLC raised its holdings in shares of Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares during the period. JPMorgan Chase & Co. lifted its position in Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after acquiring an additional 264,334 shares in the last quarter. Sei Investments Co. lifted its position in Sensata Technologies by 24.9% during the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock worth $17,142,000 after acquiring an additional 91,452 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Sensata Technologies in the 3rd quarter worth approximately $9,791,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.