Robert W. Baird Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its price target trimmed by Robert W. Baird from $40.00 to $36.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the scientific and technical instruments company’s stock.

Other analysts have also issued research reports about the company. Evercore ISI dropped their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Truist Financial dropped their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 4th. The Goldman Sachs Group dropped their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Bank of America reduced their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

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

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The firm 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 17.68% and a negative net margin of 1.98%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts predict that Sensata Technologies will post 3.46 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sensata Technologies by 16.5% during the 2nd 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 buying an additional 658,728 shares in the last quarter. Eminence Capital LP grew its position in shares of Sensata Technologies by 31.8% in 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 buying an additional 826,353 shares during the period. Victory Capital Management Inc. increased its stake 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 worth $75,551,000 after acquiring an additional 252,061 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its position in Sensata Technologies by 21.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock valued at $64,129,000 after acquiring an additional 319,424 shares during the period. 99.42% of the stock is currently owned by institutional investors.

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.