By otakuyassine3@gmail.com 
Sensata Technologies (NYSE:ST – Free Report) had its price target decreased by The Goldman Sachs Group from $36.00 to $32.00 in a report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the scientific and technical instruments company’s stock.
A number of other analysts also recently commented on ST. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI cut their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Finally, Oppenheimer lowered their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.42.
Get Our Latest Stock Report on ST
Sensata Technologies Price Performance
Shares of ST stock opened at $28.29 on Thursday. Sensata Technologies has a 12-month low of $26.65 and a 12-month high of $43.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The business has a 50 day simple moving average of $29.86 and a 200 day simple moving average of $34.24.
Sensata Technologies (NYSE:ST – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current year.
Sensata Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.
Institutional Trading of Sensata Technologies
Several large investors have recently added to or reduced their stakes in ST. Quarry LP grew its holdings in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares in the last quarter. Assetmark Inc. boosted its position in Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares during the period. Canada Pension Plan Investment Board purchased a new position in Sensata Technologies during the 2nd quarter valued at about $142,000. Capstone Investment Advisors LLC acquired a new position in shares of Sensata Technologies in the 3rd quarter valued at about $237,000. Finally, Captrust Financial Advisors lifted its position in shares of 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 worth $256,000 after purchasing an additional 1,264 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.
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.
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