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

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

ST has been the topic of a number of other reports. Robert W. Baird lowered their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Oppenheimer lowered their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, UBS Group lowered their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.08.

Sensata Technologies Trading Up 0.2%

Shares of Sensata Technologies stock traded up $0.05 on Friday, hitting $26.59. 825,978 shares of the company traded hands, compared to its average volume of 1,694,798. Sensata Technologies has a 52 week low of $17.32 and a 52 week high of $42.33. The stock's 50 day moving average price is $22.90 and its 200-day moving average price is $26.62. The company has a market cap of $3.89 billion, a PE ratio of 31.65, a PEG ratio of 1.25 and a beta of 1.02. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

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

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.81%. Sensata Technologies's dividend payout ratio (DPR) is 59.26%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich purchased 9,925 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director now owns 41,117 shares of the company's stock, valued at $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. bought a new position in Sensata Technologies in the fourth quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sensata Technologies by 61.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,036 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 394 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Sensata Technologies in the 1st quarter worth $27,000. Finally, Signaturefd LLC grew its position 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 buying an additional 933 shares during the period. Institutional investors 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.