Sensata Technologies (NYSE:ST) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen lowered shares of Sensata Technologies (NYSE:ST - Free Report) from a buy rating to a hold rating in a report released on Sunday.

Several other analysts have also weighed in on ST. The Goldman Sachs Group boosted their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Wells Fargo & Company upped their target price on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Oppenheimer cut their price target on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Sensata Technologies presently has an average rating of "Hold" and a consensus price target of $34.08.

Sensata Technologies Stock Up 0.3%

Shares of NYSE:ST traded up $0.07 during trading on Friday, hitting $26.61. The company's stock had a trading volume of 44,477 shares, compared to its average volume of 1,692,893. The company has a market capitalization of $3.89 billion, a PE ratio of 31.75, a PEG ratio of 1.25 and a beta of 1.02. The stock's 50-day moving average price is $22.86 and its two-hundred day moving average price is $26.62. 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 has a fifty-two week low of $17.32 and a fifty-two week high of $42.33.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The business had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. During the same period last year, the firm earned $0.89 earnings per share. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Sensata Technologies will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, May 14th. Sensata Technologies's payout ratio is 59.26%.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the purchase, the director now owns 41,117 shares of the company's stock, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ST. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sensata Technologies by 61.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,036 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 394 shares during the period. Blue Trust Inc. grew its position 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 in the last quarter. Brown Brothers Harriman & Co. bought a new position in Sensata Technologies during the fourth quarter valued at about $27,000. Signaturefd LLC grew its holdings in shares of Sensata Technologies by 515.5% during the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 933 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Sensata Technologies in the first quarter valued at $27,000. Institutional investors and hedge funds own 99.42% of the company's stock.

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.