Evercore ISI Cuts Sensata Technologies (NYSE:ST) Price Target to $40.00

Sensata Technologies (NYSE:ST) had its price target reduced by Evercore ISI from $43.00 to $40.00 in a research report sent to investors on Friday,Benzinga reports. Evercore ISI currently has an outperform rating on the scientific and technical instruments company’s stock.

ST has been the topic of a number of other research reports. The Goldman Sachs Group dropped their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday. Robert W. Baird reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. UBS Group lowered their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Truist Financial reduced their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, Oppenheimer lowered their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus price target of $39.58.

Sensata Technologies Stock Up 0.5 %

Shares of NYSE:ST opened at $28.42 on Friday. Sensata Technologies has a 12-month low of $26.65 and a 12-month high of $43.14. 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 stock’s 50-day moving average price is $29.76 and its 200-day moving average price is $34.12. The stock has a market capitalization of $4.25 billion, a P/E ratio of -52.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24.

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 (EPS) for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.69%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after buying an additional 314 shares during the period. Franklin Resources Inc. boosted its stake in shares of Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after acquiring an additional 403 shares during the period. Assetmark Inc. raised its stake in Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after purchasing an additional 602 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock worth $61,000 after buying an additional 651 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.