Truist Financial Lowers Sensata Technologies (NYSE:ST) Price Target to $33.00

Sensata Technologies (NYSE:ST) had its price target cut by Truist Financial from $38.00 to $33.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently commented on ST. JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 4th. Vertical Research assumed coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target on the stock. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. Wolfe Research initiated coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI lowered their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $33.47 on Tuesday. Sensata Technologies has a 1 year low of $30.56 and a 1 year 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 1.31. The company’s 50 day simple moving average is $35.35 and its 200 day simple moving average is $37.62.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the company posted $0.91 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts anticipate that Sensata Technologies will post 3.46 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced 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. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s payout ratio is presently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC boosted its holdings in Sensata Technologies by 11.8% in the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock valued at $4,416,000 after acquiring an additional 12,708 shares during the last quarter. Sei Investments Co. lifted its position in shares of Sensata Technologies by 178.4% in the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after purchasing an additional 235,170 shares during the period. Twin Tree Management LP boosted its stake in shares of Sensata Technologies by 5,796.0% in the 1st quarter. Twin Tree Management LP now owns 100,939 shares of the scientific and technical instruments company’s stock valued at $3,708,000 after purchasing an additional 99,227 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Sensata Technologies by 141.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 30,308 shares of the scientific and technical instruments company’s stock valued at $1,114,000 after purchasing an additional 17,757 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Sensata Technologies by 9.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 158,141 shares of the scientific and technical instruments company’s stock worth $5,810,000 after buying an additional 14,186 shares during the last quarter. Institutional investors and hedge funds 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.