Sensata Technologies (NYSE:ST) Given New $32.00 Price Target at JPMorgan Chase & Co.

Sensata Technologies (NYSE:ST) had its price objective trimmed by JPMorgan Chase & Co. from $34.00 to $32.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has an underweight rating on the scientific and technical instruments company’s stock.

A number of other research analysts also recently commented on ST. Vertical Research started coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. Truist Financial lowered their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday. Robert W. Baird reduced their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Bank of America reduced their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.80.

Sensata Technologies Stock Down 6.2 %

NYSE:ST opened at $31.57 on Tuesday. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The business’s 50-day simple moving average is $35.52 and its two-hundred day simple moving average is $37.68.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, equities research analysts predict that Sensata Technologies will post 3.55 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Sensata Technologies’s payout ratio is -88.89%.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC lifted its stake in Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the period. SG Americas Securities LLC boosted its stake in shares of Sensata Technologies by 2,624.2% during the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock valued at $33,730,000 after purchasing an additional 884,381 shares in the last quarter. Eminence Capital LP boosted its position in Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of Sensata Technologies in the 1st quarter valued at $28,969,000. Finally, Victory Capital Management Inc. raised its position in shares of Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after acquiring an additional 727,521 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.