Truist Financial Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its price objective decreased by Truist Financial from $38.00 to $33.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a hold rating on the scientific and technical instruments company’s stock.

A number of other brokerages also recently commented on ST. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America decreased their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 4th. Finally, Evercore ISI cut their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.80.

Sensata Technologies Trading Down 6.2 %

Shares of NYSE ST opened at $31.57 on Tuesday. The stock has a 50 day moving average price of $35.52 and a 200 day moving average price of $37.68. 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 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, equities analysts forecast that Sensata Technologies will post 3.55 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Institutional Trading of Sensata Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ST. Millennium Management LLC boosted its holdings in shares of Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Eminence Capital LP grew its position in Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after purchasing an additional 826,353 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Sensata Technologies by 13.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock valued at $75,551,000 after buying an additional 252,061 shares during the period. Finally, Copeland Capital Management LLC boosted its stake in shares of Sensata Technologies by 21.7% in the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after buying an additional 319,424 shares during the last quarter. Institutional investors and hedge funds 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.