Sensata Technologies (NYSE:ST) Stock Gets Price Target Reduction from UBS Group

Sensata Technologies (NYSE:ST) had its price objective trimmed by UBS Group from $54.00 to $51.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

ST has been the topic of a number of other reports. Bank of America increased their price objective on shares of Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays boosted their target price on Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Truist Financial cut their target price on Sensata Technologies from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Oppenheimer raised their price target on Sensata Technologies from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.33.

Sensata Technologies Price Performance

NYSE:ST opened at $40.22 on Wednesday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 1.58. The business has a 50 day simple moving average of $41.89 and a 200-day simple moving average of $41.85. Sensata Technologies has a 1 year low of $28.16 and a 1 year high of $53.89.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.17. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $972.97 million. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies will post 3.83 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Sensata Technologies’s dividend payout ratio (DPR) is presently 80.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Sensata Technologies by 1.1% in the first quarter. Janus Henderson Group PLC now owns 10,402,517 shares of the scientific and technical instruments company’s stock valued at $366,376,000 after purchasing an additional 112,819 shares during the period. Dimensional Fund Advisors LP boosted its position in Sensata Technologies by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company’s stock valued at $260,302,000 after buying an additional 125,127 shares during the last quarter. Quantinno Capital Management LP boosted its position in Sensata Technologies by 45.5% in the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock valued at $84,601,000 after buying an additional 750,646 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Sensata Technologies by 5.7% in the 1st quarter. Bank of America Corp DE now owns 1,766,285 shares of the scientific and technical instruments company’s stock valued at $62,209,000 after acquiring an additional 95,874 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sensata Technologies by 29.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,356,087 shares of the scientific and technical instruments company’s stock worth $47,761,000 after purchasing an additional 311,424 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.