Sensata Technologies (NYSE:ST) Price Target Lowered to $32.00 at The Goldman Sachs Group

Sensata Technologies (NYSE:ST - Free Report) had its price objective trimmed by The Goldman Sachs Group from $36.00 to $32.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the scientific and technical instruments company's stock.

A number of other brokerages have also recently issued reports on ST. Oppenheimer reduced their price objective on Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Truist Financial reduced their price target on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered 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, November 5th. Evercore ISI cut their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Finally, Robert W. Baird decreased their target price 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, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.58.

Sensata Technologies Price Performance

Shares of ST stock traded up $0.14 during trading on Thursday, hitting $28.42. The company had a trading volume of 981,693 shares, compared to its average volume of 1,154,681. The stock's 50-day moving average is $29.76 and its two-hundred day moving average is $34.17. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -52.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies has a 52 week low of $26.65 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results 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 negative net margin of 1.98% and a positive return on equity of 17.68%. The firm had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts predict that Sensata Technologies will post 3.43 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies's dividend payout ratio (DPR) is presently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP raised its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 738 shares in the last quarter. Assetmark Inc. grew its position in shares of Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company's stock worth $93,000 after buying an additional 416 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $142,000. Capstone Investment Advisors LLC purchased a new stake in Sensata Technologies during the third quarter valued at approximately $237,000. Finally, Captrust Financial Advisors boosted its stake in Sensata Technologies by 21.5% in the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company's stock valued at $256,000 after acquiring an additional 1,264 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.