Robert W. Baird Cuts Sensata Technologies (NYSE:ST) Price Target to $36.00

Sensata Technologies (NYSE:ST) had its price target reduced by Robert W. Baird from $40.00 to $36.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the scientific and technical instruments company’s stock.

ST has been the topic of a number of other reports. 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 report on Tuesday, October 15th. JPMorgan Chase & Co. reduced 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 note 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 target price for the company. Bank of America decreased their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Finally, Truist Financial cut their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

ST stock opened at $33.09 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The firm has a 50 day moving average of $35.24 and a two-hundred day moving average of $37.62. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -61.28, a P/E/G ratio of 0.97 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that Sensata Technologies will post 3.46 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. Sensata Technologies’s payout ratio is currently -88.89%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in shares of Sensata Technologies in the 3rd quarter worth $1,145,000. Moors & Cabot Inc. raised its stake in shares of Sensata Technologies by 30.0% in the third quarter. Moors & Cabot Inc. now owns 19,479 shares of the scientific and technical instruments company’s stock worth $699,000 after purchasing an additional 4,500 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Sensata Technologies by 11.4% in the third quarter. Advisors Asset Management Inc. now owns 64,060 shares of the scientific and technical instruments company’s stock valued at $2,297,000 after purchasing an additional 6,565 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sensata Technologies by 37.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,217 shares of the scientific and technical instruments company’s stock valued at $7,252,000 after buying an additional 55,511 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Sensata Technologies by 1.2% during the third quarter. Pathstone Holdings LLC now owns 157,359 shares of the scientific and technical instruments company’s stock worth $5,643,000 after buying an additional 1,933 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.