Evercore ISI cut shares of Sensata Technologies (NYSE:ST - Free Report) from an outperform rating to an inline rating in a report published on Thursday morning, MarketBeat Ratings reports. They currently have $27.00 price objective on the scientific and technical instruments company's stock, down from their prior price objective of $40.00.
ST has been the topic of several other reports. Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group dropped their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.00.
Get Our Latest Report on Sensata Technologies
Sensata Technologies Trading Down 4.8 %
Shares of NYSE:ST traded down $0.91 during trading on Thursday, reaching $17.99. 1,032,652 shares of the company traded hands, compared to its average volume of 1,830,280. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies has a 52-week low of $17.50 and a 52-week high of $43.14. The business's fifty day moving average is $26.97 and its 200-day moving average is $30.09. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.25 and a beta of 1.12.
Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) 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%. As a group, analysts forecast that Sensata Technologies will post 3.21 EPS for the current year.
Sensata Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies's dividend payout ratio (DPR) is 57.14%.
Hedge Funds Weigh In On Sensata Technologies
Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its position in Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the fourth quarter valued at approximately $27,000. Parallel Advisors LLC increased its position in shares of Sensata Technologies by 278.8% during the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 1,118 shares in the last quarter. Quarry LP raised its holdings in Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock worth $61,000 after acquiring an additional 651 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Sensata Technologies by 67.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 817 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.
About Sensata Technologies
(
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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.
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