Sensata Technologies (NYSE:ST) Stock Price Down 6% After Analyst Downgrade

Sensata Technologies Holding plc (NYSE:ST - Get Free Report)'s stock price fell 6% on Tuesday after Oppenheimer lowered their price target on the stock from $47.00 to $44.00. Oppenheimer currently has an outperform rating on the stock. Sensata Technologies traded as low as $31.18 and last traded at $31.62. 332,004 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,853,095 shares. The stock had previously closed at $33.64.

Several other equities research analysts have also recently issued reports on ST. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $55.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday. Bank of America lowered their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, July 30th. Robert W. Baird reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Evercore ISI lowered their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Sensata Technologies currently has an average rating of "Hold" and a consensus target price of $40.80.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC grew its position in shares of Sensata Technologies by 11.8% in the 1st quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company's stock valued at $4,416,000 after buying an additional 12,708 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Sensata Technologies by 178.4% during the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company's stock worth $13,484,000 after purchasing an additional 235,170 shares during the last quarter. Twin Tree Management LP increased its position in shares of Sensata Technologies by 5,796.0% during the first quarter. Twin Tree Management LP now owns 100,939 shares of the scientific and technical instruments company's stock worth $3,708,000 after purchasing an additional 99,227 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Sensata Technologies by 141.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 30,308 shares of the scientific and technical instruments company's stock valued at $1,114,000 after purchasing an additional 17,757 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Sensata Technologies by 9.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 158,141 shares of the scientific and technical instruments company's stock valued at $5,810,000 after purchasing an additional 14,186 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

The company has a fifty day moving average price of $35.52 and a two-hundred day moving average price of $37.68. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 789.45, a P/E/G ratio of 1.36 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts' consensus estimates of $0.86. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. Sensata Technologies's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. On average, equities research analysts expect that Sensata Technologies Holding plc will post 3.55 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies's dividend payout ratio (DPR) is presently 1,200.30%.

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.