Sensata Technologies (NYSE:ST) Price Target Lowered to $32.00 at JPMorgan Chase & Co.

Sensata Technologies (NYSE:ST - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $34.00 to $32.00 in a research note released on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the scientific and technical instruments company's stock.

Several other analysts have also recently commented on the company. Robert W. Baird decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday. Bank of America reduced 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 report on Tuesday, July 30th. Oppenheimer dropped their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. Truist Financial decreased their price objective on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Evercore ISI dropped their target price 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Sensata Technologies has an average rating of "Hold" and a consensus target price of $40.80.

Sensata Technologies Trading Down 6.1 %

Shares of NYSE:ST traded down $2.06 during mid-day trading on Tuesday, hitting $31.58. The stock had a trading volume of 3,304,581 shares, compared to its average volume of 1,866,986. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The company has a market cap of $4.77 billion, a PE ratio of 788.70, a P/E/G ratio of 1.36 and a beta of 1.25. The company's 50 day moving average is $35.65 and its 200-day moving average is $37.70.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts predict that Sensata Technologies will post 3.55 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Sensata Technologies's dividend payout ratio (DPR) is 1,200.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ST. Millennium Management LLC increased its position in Sensata Technologies by 84.8% in 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 acquiring an additional 2,321,782 shares during the period. SG Americas Securities LLC lifted its stake in shares of Sensata Technologies by 2,624.2% in the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company's stock valued at $33,730,000 after buying an additional 884,381 shares in the last quarter. Eminence Capital LP increased its position in shares of Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock worth $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Sensata Technologies in the 1st quarter worth about $28,969,000. Finally, Victory Capital Management Inc. increased its holdings in Sensata Technologies by 64.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock worth $69,350,000 after purchasing an additional 727,521 shares in the last quarter. 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.