Oppenheimer Cuts Sensata Technologies (NYSE:ST) Price Target to $44.00

Sensata Technologies (NYSE:STFree Report) had its price objective cut by Oppenheimer from $47.00 to $44.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the scientific and technical instruments company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Evercore ISI decreased their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group cut their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. One 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. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Read Our Latest Report on Sensata Technologies

Sensata Technologies Stock Up 0.0 %

ST stock 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 firm 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.

Sensata Technologies (NYSE:STGet Free Report) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Sensata Technologies will post 3.46 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. 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 (DPR) is presently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its holdings in Sensata Technologies by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 157,359 shares of the scientific and technical instruments company’s stock valued at $5,643,000 after buying an additional 1,933 shares during the period. Natixis Advisors LLC raised its holdings in shares of Sensata Technologies by 8.9% in the third quarter. Natixis Advisors LLC now owns 293,248 shares of the scientific and technical instruments company’s stock worth $10,516,000 after buying an additional 23,874 shares during the period. Empowered Funds LLC lifted its stake in shares of Sensata Technologies by 12.9% during 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 during the 3rd quarter valued at $771,000. Finally, Oppenheimer Asset Management Inc. grew its position in Sensata Technologies by 14.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 352,488 shares of the scientific and technical instruments company’s stock valued at $12,640,000 after acquiring an additional 44,401 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

(Get Free Report)

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.

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