Sensata Technologies (NYSE:ST) Stock Price Down 5.4% - Here's Why

Sensata Technologies Holding plc (NYSE:ST - Get Free Report)'s share price was down 5.4% during mid-day trading on Thursday . The stock traded as low as $26.02 and last traded at $25.98. 138,639 shares were traded during trading, a decline of 92% from the average daily volume of 1,637,058 shares. The stock had previously closed at $27.46.

Analyst Ratings Changes

Several research firms have weighed in on ST. Oppenheimer decreased their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. UBS Group cut their target price on Sensata Technologies from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, Evercore ISI reduced their target price on Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average target price of $39.08.

Sensata Technologies Stock Down 1.8 %

The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.64 billion, a PE ratio of 28.94, a PEG ratio of 1.25 and a beta of 1.20. The business has a fifty day moving average of $27.80 and a 200 day moving average of $30.65.

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Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share 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 Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's dividend payout ratio (DPR) is 57.14%.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company's stock valued at $196,187,000 after purchasing an additional 23,946 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 during the period. Kempner Capital Management Inc. grew its holdings in shares of Sensata Technologies by 233.9% during the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company's stock worth $5,728,000 after buying an additional 146,449 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sensata Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company's stock valued at $29,059,000 after acquiring an additional 19,233 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Sensata Technologies during the 4th quarter worth approximately $701,000. Institutional investors and hedge funds own 99.42% of the company's stock.

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.