Sensata Technologies (NYSE:ST) Price Target Lowered to $50.00 at Evercore ISI

Sensata Technologies (NYSE:ST) had its price objective decreased by Evercore ISI from $60.00 to $50.00 in a report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the scientific and technical instruments company’s stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group cut their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a neutral rating on the stock in a research note on Tuesday, October 1st. Truist Financial lowered their price objective on shares of Sensata Technologies from $46.00 to $38.00 and set a hold rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $35.00 to $34.00 and set an underweight rating on the stock in a research report on Friday, October 4th. Vertical Research initiated coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a buy rating and a $55.00 price objective on the stock. Finally, Bank of America lowered their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a neutral rating on the stock in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $43.40.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $35.45 on Tuesday. The company’s fifty day moving average price is $36.12 and its 200 day moving average price is $37.71. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a market capitalization of $5.34 billion, a P/E ratio of -322.27, a P/E/G ratio of 1.39 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned $0.97 EPS. Sensata Technologies’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Sensata Technologies will post 3.56 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s payout ratio is -436.36%.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after buying an additional 2,321,782 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Sensata Technologies by 2,624.2% during the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after buying an additional 884,381 shares in the last quarter. Eminence Capital LP boosted its holdings in Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after buying an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in Sensata Technologies during the first quarter worth about $28,969,000. Finally, Victory Capital Management Inc. boosted its holdings in Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after buying an additional 727,521 shares in the last quarter. Hedge funds and other institutional investors 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.