Sensata Technologies (NYSE:ST) Cut to “Inline” at Evercore ISI

Evercore ISI cut shares of Sensata Technologies (NYSE:ST) from an outperform rating to an inline rating in a report released on Thursday morning, MarketBeat reports. The firm currently has $27.00 price objective on the scientific and technical instruments company’s stock, down from their previous price objective of $40.00.

Other analysts have also recently issued reports about the company. Oppenheimer cut their price objective 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. UBS Group dropped their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Sensata Technologies Stock Performance

ST opened at $18.68 on Thursday. The firm has a fifty day moving average price of $27.16 and a 200 day moving average price of $30.25. Sensata Technologies has a 1 year low of $17.51 and a 1 year high of $43.14. The stock has a market cap of $2.79 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data 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 net margin of 3.27% and a return on equity of 17.54%. Equities research analysts anticipate that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is 57.14%.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Sensata Technologies during the 4th quarter worth $27,000. Quarry LP boosted its position in shares of Sensata Technologies by 61.2% during the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 820 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other 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.