Shares of Sensata Technologies Holding plc (NYSE:ST – Get Free Report) gapped down prior to trading on Tuesday after Truist Financial lowered their price target on the stock from $46.00 to $38.00. The stock had previously closed at $37.90, but opened at $36.56. Truist Financial currently has a hold rating on the stock. Sensata Technologies shares last traded at $38.51, with a volume of 207,560 shares traded.
A number of other research firms also recently weighed in on ST. Vertical Research assumed coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target on the stock. Jefferies Financial Group started coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. Stifel Nicolaus increased their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Robert W. Baird boosted their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.40.
Insider Transactions at Sensata Technologies
In related news, Director Ali John Mirshekari bought 73,137 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the transaction, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ST. Fifth Third Bancorp increased its stake in shares of Sensata Technologies by 0.9% in the 2nd quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after acquiring an additional 275 shares in the last quarter. Amalgamated Bank boosted its position in shares of Sensata Technologies by 0.3% in the 1st quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock worth $3,466,000 after purchasing an additional 310 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Sensata Technologies by 1.2% in the 1st quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock worth $952,000 after buying an additional 317 shares during the last quarter. Northwest Investment Counselors LLC increased its position in Sensata Technologies by 1.1% during the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock valued at $1,035,000 after buying an additional 320 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in Sensata Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock valued at $6,983,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.
Sensata Technologies Stock Up 0.6 %
The firm has a market capitalization of $5.74 billion, a P/E ratio of -346.51, a P/E/G ratio of 1.10 and a beta of 1.26. The company has a fifty day simple moving average of $39.31 and a 200 day simple moving average of $37.21. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14.
Sensata Technologies (NYSE:ST – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. Sensata Technologies’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, equities analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.
Sensata Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th 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 1.26%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s payout ratio is -436.32%.
Sensata Technologies Company Profile
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.