Sensata Technologies (NYSE:ST) Given New $40.00 Price Target at Oppenheimer

Sensata Technologies (NYSE:ST) had its price objective trimmed by Oppenheimer from $44.00 to $40.00 in a research note published on Thursday,Benzinga reports. The firm currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently commented on ST. TD Cowen dropped their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI cut their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group lowered their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial cut their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. One equities research 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.08.

Sensata Technologies Stock Up 2.9 %

Sensata Technologies stock opened at $28.84 on Thursday. The business has a 50-day moving average of $28.03 and a 200-day moving average of $32.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies has a 1 year low of $24.91 and a 1 year high of $43.14.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. As a group, sell-side analysts expect that Sensata Technologies will post 3.44 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, February 12th. Sensata Technologies’s payout ratio is -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Tidal Investments LLC boosted its stake in shares of Sensata Technologies by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after buying an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its position in Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 403 shares during the last quarter. Arizona State Retirement System grew its stake in Sensata Technologies by 0.9% in the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after purchasing an additional 405 shares in the last quarter. Assetmark Inc. increased its position in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Sensata Technologies by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock worth $1,800,000 after purchasing an additional 420 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.