Robert W. Baird Cuts Sensata Technologies (NYSE:ST) Price Target to $36.00

Sensata Technologies (NYSE:ST) had its target price lowered by Robert W. Baird from $40.00 to $36.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the scientific and technical instruments company’s stock.

Several other analysts have also issued reports on the stock. Bank of America lowered their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Truist Financial dropped their target price 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. Oppenheimer reduced their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, Vertical Research initiated coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Trading Up 0.0 %

NYSE:ST opened at $33.47 on Tuesday. The firm’s 50 day moving average is $35.35 and its 200 day moving average is $37.62. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a quick ratio of 1.31, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts expect that Sensata Technologies will post 3.46 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently bought and sold shares of ST. Millennium Management LLC increased its holdings in shares of 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 worth $189,158,000 after buying an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after acquiring an additional 658,728 shares in the last quarter. Eminence Capital LP increased its stake in Sensata Technologies by 31.8% in the second 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 during the last quarter. Victory Capital Management Inc. raised its position in Sensata Technologies by 13.6% during the third quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock valued at $75,551,000 after purchasing an additional 252,061 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its stake in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after purchasing an additional 319,424 shares during the last quarter. 99.42% of the stock is currently owned by 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.