Sensata Technologies (NYSE:ST) Price Target Cut to $30.00 by Analysts at UBS Group

Sensata Technologies (NYSE:ST) had its price objective reduced by UBS Group from $37.00 to $30.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

Several other research analysts have also weighed in on the stock. Oppenheimer cut their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and cut their price target for the stock from $31.00 to $27.00 in a research note on Thursday. Finally, Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and a consensus target price of $36.73.

Sensata Technologies Stock Up 0.4 %

Shares of NYSE ST opened at $19.53 on Thursday. The firm has a market cap of $2.92 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. Sensata Technologies has a 1 year low of $17.32 and a 1 year high of $43.14. The firm’s 50 day moving average price is $26.06 and its 200 day moving average price is $29.49.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, sell-side analysts anticipate that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is presently 57.14%.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently modified their holdings of ST. Norges Bank acquired a new position in Sensata Technologies in the 4th quarter worth $48,580,000. State Street Corp lifted its stake in shares of Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after acquiring an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after acquiring an additional 264,334 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Sensata Technologies by 94.7% in the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after purchasing an additional 103,897 shares during the last quarter. Finally, Kempner Capital Management Inc. grew its stake in Sensata Technologies by 233.9% during the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after purchasing an additional 146,449 shares in 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.