Robert W. Baird Cuts Sensata Technologies (NYSE:ST) Price Target to $23.00

Sensata Technologies (NYSE:ST - Free Report) had its target price reduced by Robert W. Baird from $24.00 to $23.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company's stock.

A number of other research analysts have also issued reports on the stock. Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. UBS Group reduced their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $31.00 to $27.00 in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.55.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded up $0.22 during trading hours on Tuesday, reaching $19.39. The company's stock had a trading volume of 1,564,889 shares, compared to its average volume of 1,803,511. The stock has a market cap of $2.90 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Sensata Technologies has a one year low of $17.32 and a one year high of $43.14. The company's 50 day simple moving average is $25.44 and its 200 day simple moving average is $28.92. 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 - Get Free Report) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, analysts expect that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's payout ratio is 57.14%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ST. Sound Income Strategies LLC raised its holdings in shares of Sensata Technologies by 8.4% during the first quarter. Sound Income Strategies LLC now owns 89,333 shares of the scientific and technical instruments company's stock worth $2,168,000 after acquiring an additional 6,916 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Sensata Technologies by 235.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,395 shares of the scientific and technical instruments company's stock valued at $908,000 after acquiring an additional 26,249 shares during the period. NorthCrest Asset Manangement LLC raised its position in Sensata Technologies by 6.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 13,724 shares of the scientific and technical instruments company's stock worth $333,000 after purchasing an additional 790 shares in the last quarter. Fifth Third Bancorp lifted its stake in Sensata Technologies by 4.4% during the first quarter. Fifth Third Bancorp now owns 35,463 shares of the scientific and technical instruments company's stock worth $861,000 after purchasing an additional 1,509 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in Sensata Technologies during the first quarter valued at approximately $387,000. Institutional investors and hedge funds own 99.42% of the company's stock.

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.