Sensata Technologies (NYSE:ST) Lowered to “Neutral” at Robert W. Baird

Robert W. Baird cut shares of Sensata Technologies (NYSE:ST) from an outperform rating to a neutral rating in a report issued on Friday morning, PriceTargets.com reports. The brokerage currently has $67.00 target price on the scientific and technical instruments company’s stock.

A number of other research firms have also recently weighed in on ST. Morgan Stanley raised their price objective on Sensata Technologies from $73.00 to $75.00 and gave the stock an overweight rating in a research report on Wednesday, December 15th. Zacks Investment Research cut Sensata Technologies from a hold rating to a sell rating and set a $63.00 price objective on the stock. in a report on Monday, November 8th. UBS Group began coverage on Sensata Technologies in a research note on Tuesday, September 21st. They set a neutral rating and a $63.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered Sensata Technologies from an overweight rating to a neutral rating and cut their price objective for the stock from $68.00 to $65.00 in a research report on Monday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $66.67.

Shares of ST opened at $63.54 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.98 and a debt-to-equity ratio of 1.41. Sensata Technologies has a 52 week low of $52.30 and a 52 week high of $65.58. The business has a 50-day simple moving average of $60.07 and a two-hundred day simple moving average of $58.35. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.46 and a beta of 1.36.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, October 26th. The scientific and technical instruments company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $951.02 million during the quarter, compared to analyst estimates of $929.74 million. Sensata Technologies had a return on equity of 19.69% and a net margin of 9.84%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. On average, equities analysts anticipate that Sensata Technologies will post 3.49 earnings per share for the current fiscal year.

In related news, EVP Vineet A. Nargolwala sold 12,300 shares of the stock in a transaction that occurred on Tuesday, January 4th. The shares were sold at an average price of $65.00, for a total transaction of $799,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey J. Cote sold 108,189 shares of the stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $62.76, for a total transaction of $6,789,941.64. The disclosure for this sale can be found here. Insiders sold a total of 166,401 shares of company stock valued at $10,183,758 in the last three months. Insiders own 2.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new stake in shares of Sensata Technologies during the 2nd quarter worth $21,086,000. Fulton Bank N.A. boosted its stake in shares of Sensata Technologies by 32.2% in the 3rd quarter. Fulton Bank N.A. now owns 6,270 shares of the scientific and technical instruments company’s stock valued at $343,000 after purchasing an additional 1,527 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Sensata Technologies by 1.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,195 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after purchasing an additional 658 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sensata Technologies by 29.5% in the 2nd quarter. Millennium Management LLC now owns 204,291 shares of the scientific and technical instruments company’s stock valued at $11,843,000 after purchasing an additional 46,519 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Sensata Technologies by 2.4% during the 2nd quarter. Natixis Advisors L.P. now owns 185,670 shares of the scientific and technical instruments company’s stock worth $10,763,000 after acquiring an additional 4,423 shares during the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.

Sensata Technologies Company Profile

Sensata Technologies Holding Plc is a global industrial technology company, which engages in the designing, manufacturing, and marketing of electromechanical, electronic sensors and controls. The firm operates through the following two segments: Performance Sensing and Sensing Solutions. The Performance Sensing segment designs and manufactures sensors for the automotive and heavy vehicle and off-road markets.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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