Sensata Technologies (NYSE:ST) Price Target Cut to $44.00 by Analysts at Oppenheimer

Sensata Technologies (NYSE:ST) had its price objective decreased by Oppenheimer from $47.00 to $44.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the scientific and technical instruments company’s stock.

ST has been the subject of several other research reports. Robert W. Baird lowered their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday. 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 price objective for the company. 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 research report on Tuesday, July 30th. Wolfe Research started coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus decreased their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Trading Up 0.0 %

Shares of NYSE ST opened at $33.47 on Tuesday. The stock has a 50 day moving average price of $35.35 and a 200 day moving average price of $37.62. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.31 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Sensata Technologies will post 3.46 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. Investors 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 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Institutional Trading of Sensata Technologies

Several large investors have recently bought and sold shares of ST. Pathstone Holdings LLC lifted its stake in shares of Sensata Technologies by 1.2% during the third quarter. Pathstone Holdings LLC now owns 157,359 shares of the scientific and technical instruments company’s stock worth $5,643,000 after buying an additional 1,933 shares during the period. Natixis Advisors LLC increased its position in shares of Sensata Technologies by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 293,248 shares of the scientific and technical instruments company’s stock valued at $10,516,000 after acquiring an additional 23,874 shares during the period. Empowered Funds LLC raised its stake in Sensata Technologies by 12.9% in the 3rd quarter. Empowered Funds LLC now owns 9,635 shares of the scientific and technical instruments company’s stock worth $346,000 after acquiring an additional 1,098 shares during the last quarter. Parametrica Management Ltd purchased a new position in Sensata Technologies in the 3rd quarter worth $771,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Sensata Technologies by 14.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 352,488 shares of the scientific and technical instruments company’s stock worth $12,640,000 after acquiring an additional 44,401 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.