Sensata Technologies (NYSE:ST) Given New $23.00 Price Target at Robert W. Baird

Sensata Technologies (NYSE:ST) had its price target reduced by Robert W. Baird from $24.00 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target would suggest a potential upside of 19.92% from the company’s previous close.

ST has been the topic of a number of other research reports. Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group lowered their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and cut their target price for the company from $31.00 to $27.00 in a research report on Thursday, April 10th. Finally, Oppenheimer dropped their price target on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $35.55.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $19.18 on Tuesday. The business’s 50 day moving average is $25.70 and its 200-day moving average is $29.18. The firm has a market cap of $2.87 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Sensata Technologies has a 1-year low of $17.32 and a 1-year high of $43.14. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Equities research analysts predict that Sensata Technologies will post 3.21 earnings per share for the current year.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently added to or reduced their stakes in ST. Blue Trust Inc. grew its stake in shares of Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies in the 4th quarter worth about $27,000. Parallel Advisors LLC raised its position in Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 1,118 shares during the last quarter. UMB Bank n.a. raised its position in Sensata Technologies by 110.0% in the first quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 981 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.