Sensata Technologies (NYSE:ST) Shares Down 6% on Analyst Downgrade

Sensata Technologies Holding plc (NYSE:ST) fell 6% during trading on Tuesday after Robert W. Baird lowered their price target on the stock from $40.00 to $36.00. Robert W. Baird currently has a neutral rating on the stock. Sensata Technologies traded as low as $31.18 and last traded at $31.62. 332,004 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,853,095 shares. The stock had previously closed at $33.64.

ST has been the topic of several other research reports. Oppenheimer cut their target price on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 4th. Evercore ISI decreased their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Truist Financial dropped their price objective on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Finally, Wolfe Research began coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average target price of $42.30.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Sensata Technologies by 0.9% during the 2nd quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 275 shares in the last quarter. Assetmark Inc. boosted its stake in Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Sensata Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after purchasing an additional 529 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Sensata Technologies by 7.0% in the 1st quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock worth $304,000 after purchasing an additional 539 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Sensata Technologies by 1.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after purchasing an additional 602 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Stock Down 6.2 %

The stock’s fifty day moving average is $35.65 and its two-hundred day moving average is $37.70. The stock has a market capitalization of $4.76 billion, a P/E ratio of 790.70, a PEG ratio of 1.36 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data 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 return on equity of 17.57% and a net margin of 0.21%. The business had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same period last year, the company earned $0.91 earnings per share. Sensata Technologies’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that Sensata Technologies Holding plc will post 3.55 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Sensata Technologies’s payout ratio is currently 1,200.30%.

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.