Sensata Technologies (NYSE:ST) Price Target Cut to $23.00 by Analysts at Robert W. Baird

Sensata Technologies (NYSE:ST - Free Report) had its target price cut by Robert W. Baird from $24.00 to $23.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company's stock.

Several other equities analysts have also recently weighed in on ST. UBS Group dropped their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. 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. Oppenheimer dropped their price objective 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. Finally, The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and lowered their target price for the company from $31.00 to $27.00 in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $34.55.

Sensata Technologies Trading Up 1.2 %

Shares of Sensata Technologies stock traded up $0.22 during trading on Tuesday, hitting $19.39. The company's stock had a trading volume of 1,564,889 shares, compared to its average volume of 1,803,199. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies has a 52 week low of $17.32 and a 52 week high of $43.14. The stock has a 50-day moving average price of $25.57 and a two-hundred day moving average price of $29.07.

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

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ST. Fuller & Thaler Asset Management Inc. lifted its stake in Sensata Technologies by 96.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after purchasing an additional 2,587,183 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after buying an additional 2,088,161 shares during the period. Norges Bank bought a new stake in Sensata Technologies during the 4th quarter valued at $48,580,000. Woodline Partners LP boosted its position in Sensata Technologies by 65.2% during the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock valued at $62,412,000 after buying an additional 898,835 shares during the period. Finally, Eminence Capital LP boosted its holdings in shares of Sensata Technologies by 25.2% during the fourth quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock worth $118,333,000 after purchasing an additional 870,419 shares during the period. 99.42% of the stock is currently owned by institutional investors.

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.