Sensata Technologies (NYSE:ST) Given New $50.00 Price Target at Evercore ISI

Sensata Technologies (NYSE:ST) had its price target lowered by Evercore ISI from $60.00 to $50.00 in a report released on Tuesday, Benzinga reports. The firm currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other analysts have also recently weighed in on ST. Vertical Research began coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a buy rating and a $55.00 price target for the company. Bank of America dropped their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a neutral rating for the company in a research note on Tuesday, July 30th. Oppenheimer dropped their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an outperform rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $35.00 to $34.00 and set an underweight rating for the company in a research note on Friday, October 4th. Finally, The Goldman Sachs Group dropped their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a neutral rating for the company in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies has a consensus rating of Hold and a consensus target price of $43.40.

Sensata Technologies Stock Down 2.9 %

ST stock opened at $35.45 on Tuesday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -322.27, a PEG ratio of 1.39 and a beta of 1.25. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The firm has a 50-day moving average of $36.12 and a two-hundred day moving average of $37.71.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, analysts forecast that Sensata Technologies will post 3.56 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.35%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Millennium Management LLC boosted its position in Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares during the period. SG Americas Securities LLC boosted its position in Sensata Technologies by 2,624.2% in the 1st 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 buying an additional 884,381 shares during the period. Eminence Capital LP boosted its position in Sensata Technologies by 31.8% in 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 buying an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in Sensata Technologies in the 1st quarter valued at approximately $28,969,000. Finally, Victory Capital Management Inc. boosted its position in 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 valued at $69,350,000 after buying an additional 727,521 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.