JPMorgan Chase & Co. Cuts Sensata Technologies (NYSE:ST) Price Target to $21.00

Sensata Technologies (NYSE:ST - Free Report) had its price target decreased by JPMorgan Chase & Co. from $27.00 to $21.00 in a research report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the scientific and technical instruments company's stock.

A number of other brokerages also recently issued reports on ST. Oppenheimer lowered their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. UBS Group lowered their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. Robert W. Baird dropped their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and an average price target of $34.55.

Sensata Technologies Trading Up 1.8 %

Shares of ST stock traded up $0.35 during mid-day trading on Thursday, reaching $19.22. 784,702 shares of the stock traded hands, compared to its average volume of 1,799,061. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The stock's fifty day simple moving average is $25.26 and its two-hundred day simple moving average is $28.77. Sensata Technologies has a 1-year low of $17.32 and a 1-year high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, research analysts anticipate that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.50%. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Sensata Technologies in the 4th quarter valued at about $48,580,000. JPMorgan Chase & Co. grew its holdings in Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after buying an additional 264,334 shares in the last quarter. Prudential Financial Inc. raised its position in Sensata Technologies by 94.7% in the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company's stock valued at $5,853,000 after buying an additional 103,897 shares during the last quarter. Kempner Capital Management Inc. lifted its stake in Sensata Technologies by 233.9% during the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company's stock valued at $5,728,000 after acquiring an additional 146,449 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sensata Technologies by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company's stock worth $29,059,000 after acquiring an additional 19,233 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.