Evercore ISI Lowers Sensata Technologies (NYSE:ST) Price Target to $40.00

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

A number of other research firms also recently commented on ST. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Oppenheimer decreased their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock 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 business has a 50 day moving average price of $29.76 and a two-hundred day moving average price of $34.17. Sensata Technologies has a fifty-two week low of $26.65 and a fifty-two week high of $43.14. The firm has a market cap of $4.25 billion, a PE ratio of -52.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

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

Sensata Technologies Announces Dividend

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

Institutional Trading of Sensata Technologies

Several hedge funds have recently added to or reduced their stakes in ST. Quarry LP boosted its holdings in shares of Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 738 shares in the last quarter. Assetmark Inc. increased its position 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 valued at $93,000 after purchasing an additional 416 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Sensata Technologies during the 2nd quarter valued at $142,000. Capstone Investment Advisors LLC bought a new stake in shares of Sensata Technologies in the 3rd quarter worth $237,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Sensata Technologies by 21.5% in the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock valued at $256,000 after buying an additional 1,264 shares during the period. Institutional investors own 99.42% of the company’s stock.

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.