Sensata Technologies (NYSE:ST) Trading Down 6% Following Analyst Downgrade

Sensata Technologies Holding plc (NYSE:ST)’s share price traded down 6% during mid-day trading on Tuesday after Robert W. Baird lowered their price target on the stock from $40.00 to $36.00. Robert W. Baird currently has a neutral rating on the stock. Sensata Technologies traded as low as $31.18 and last traded at $31.62. Approximately 332,004 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,853,095 shares. The stock had previously closed at $33.64.

Other analysts have also issued research reports about the stock. Oppenheimer cut their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Bank of America dropped their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Truist Financial lowered their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price objective on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 4th. Finally, Vertical Research started coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $42.30.

Institutional Trading of Sensata Technologies

A number of hedge funds have recently modified their holdings of ST. Texas Permanent School Fund Corp increased its position in Sensata Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 132,464 shares of the scientific and technical instruments company’s stock valued at $4,867,000 after acquiring an additional 1,732 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Sensata Technologies by 8.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the scientific and technical instruments company’s stock worth $528,000 after purchasing an additional 1,174 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Sensata Technologies by 90.3% in the first quarter. Quantbot Technologies LP now owns 93,470 shares of the scientific and technical instruments company’s stock valued at $3,434,000 after purchasing an additional 44,358 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Sensata Technologies during the first quarter valued at approximately $258,000. Finally, SG Americas Securities LLC grew its holdings in 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 worth $33,730,000 after buying an additional 884,381 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.76 billion, a PE ratio of 790.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25. The business has a 50-day moving average of $35.65 and a 200 day moving average of $37.70.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm’s 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. As a group, research analysts anticipate that Sensata Technologies Holding plc will post 3.55 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s payout ratio is 1,200.30%.

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.