Sensata Technologies (NYSE:ST) Given New $23.00 Price Target at Robert W. Baird

Sensata Technologies (NYSE:ST) had its target price decreased by Robert W. Baird from $24.00 to $23.00 in a report issued on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the scientific and technical instruments company’s stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. UBS Group cut their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Oppenheimer decreased their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.55.

Sensata Technologies Trading Down 1.3 %

NYSE:ST opened at $19.73 on Tuesday. Sensata Technologies has a 52 week low of $17.32 and a 52 week high of $43.14. The firm’s fifty day moving average is $25.83 and its 200-day moving average is $29.25. The firm has a market cap of $2.95 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Equities analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 2.43%. Sensata Technologies’s dividend payout ratio (DPR) is currently 57.14%.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of ST. HighTower Advisors LLC lifted its position in shares of Sensata Technologies by 16.9% during the third quarter. HighTower Advisors LLC now owns 14,278 shares of the scientific and technical instruments company’s stock valued at $513,000 after purchasing an additional 2,061 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Sensata Technologies during the 3rd quarter worth approximately $303,000. MML Investors Services LLC boosted its stake in shares of Sensata Technologies by 19.9% in the 3rd quarter. MML Investors Services LLC now owns 43,465 shares of the scientific and technical instruments company’s stock worth $1,559,000 after buying an additional 7,218 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Sensata Technologies by 2.6% in the third quarter. Public Employees Retirement System of Ohio now owns 58,479 shares of the scientific and technical instruments company’s stock valued at $2,097,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Sensata Technologies by 14.9% during the third quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company’s stock valued at $2,788,000 after acquiring an additional 10,107 shares during the last quarter. 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.