Sensata Technologies (NYSE:ST – Free Report) had its target price cut by Truist Financial from $39.00 to $36.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the scientific and technical instruments company’s stock.
A number of other equities research analysts have also recently commented on ST. Stifel Nicolaus cut their target price on Sensata Technologies from $44.00 to $40.00 and set a hold rating on the stock in a research note on Wednesday, November 1st. Oppenheimer raised Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th. JPMorgan Chase & Co. cut Sensata Technologies from a neutral rating to an underweight rating and cut their target price for the stock from $37.00 to $34.00 in a research report on Monday, January 8th. Finally, Bank of America cut Sensata Technologies from a buy rating to a neutral rating and cut their price target for the company from $46.00 to $38.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies currently has a consensus rating of Hold and an average target price of $40.33.
Sensata Technologies Stock Performance
Sensata Technologies (NYSE:ST – Get Free Report) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The business had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. Sensata Technologies’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, research analysts forecast that Sensata Technologies will post 3.98 earnings per share for the current year.
Sensata Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.45%. Sensata Technologies’s dividend payout ratio (DPR) is -959.81%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 681 shares during the period. Principal Securities Inc. acquired a new stake in shares of Sensata Technologies in the fourth quarter valued at $29,000. Parkside Financial Bank & Trust boosted its holdings in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 784 shares during the period. CWM LLC boosted its holdings in Sensata Technologies by 235.4% in the second quarter. CWM LLC now owns 852 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 598 shares during the period. Finally, Covestor Ltd lifted its holdings in Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 521 shares during the last quarter. 96.46% of the stock is currently owned by hedge funds and other institutional investors.
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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.
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