Sensata Technologies (NYSE:ST) Price Target Lowered to $32.00 at JPMorgan Chase & Co.

Sensata Technologies (NYSE:ST) had its target price decreased by JPMorgan Chase & Co. from $34.00 to $32.00 in a research note published on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the scientific and technical instruments company’s stock.

A number of other analysts have also weighed in on ST. Vertical Research started coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. Wolfe Research began coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group dropped their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Bank of America dropped their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and an average target price of $40.80.

Sensata Technologies Stock Down 6.2 %

Shares of ST stock opened at $31.57 on Tuesday. The business has a 50-day moving average of $35.52 and a 200 day moving average of $37.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14.

Sensata Technologies (NYSE:ST) last issued its 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 negative net margin of 1.98% and a positive return on equity of 17.63%. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Sensata Technologies will post 3.55 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is presently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors have recently made changes to their positions in ST. Texas Permanent School Fund Corp increased its holdings in Sensata Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 132,464 shares of the scientific and technical instruments company’s stock worth $4,867,000 after buying an additional 1,732 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Sensata Technologies by 8.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the scientific and technical instruments company’s stock valued at $528,000 after purchasing an additional 1,174 shares during the last quarter. Quantbot Technologies LP raised its stake in Sensata Technologies by 90.3% during the 1st quarter. Quantbot Technologies LP now owns 93,470 shares of the scientific and technical instruments company’s stock valued at $3,434,000 after buying an additional 44,358 shares during the last quarter. Empowered Funds LLC purchased a new stake in Sensata Technologies during the first quarter valued at $258,000. Finally, SG Americas Securities LLC lifted its stake in shares of Sensata Technologies by 2,624.2% in the 1st quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after purchasing an additional 884,381 shares during the period. 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.