Sensata Technologies (NYSE:ST) Price Target Cut to $37.00 by Analysts at UBS Group

Sensata Technologies (NYSE:ST) had its target price trimmed by UBS Group from $38.00 to $37.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock.

Other research analysts have also recently issued research reports about the company. Truist Financial reduced their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Evercore ISI reduced their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Oppenheimer decreased their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, TD Cowen dropped their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.42.

Sensata Technologies Trading Up 8.5 %

Shares of Sensata Technologies stock opened at $28.00 on Wednesday. The stock has a market cap of $4.19 billion, a PE ratio of -51.85, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $28.11 and a two-hundred day moving average of $32.67. Sensata Technologies has a 12-month low of $24.91 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. On average, research analysts anticipate that Sensata Technologies will post 3.44 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is presently -88.89%.

Institutional Trading of Sensata Technologies

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Sensata Technologies in the 4th quarter valued at approximately $27,000. Quarry LP increased its position in Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares during the period. Venturi Wealth Management LLC raised its stake in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 817 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 820 shares during the period. 99.42% of the stock is currently owned by institutional investors.

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.