Sensata Technologies (NYSE:ST) Shares Gap Down Following Analyst Downgrade

Sensata Technologies Holding N.V. (NYSE:ST)’s share price gapped down prior to trading on Wednesday after UBS Group lowered their price target on the stock from $54.00 to $51.00. The stock had previously closed at $42.32, but opened at $41.14. UBS Group currently has a buy rating on the stock. Sensata Technologies shares last traded at $41.26, with a volume of 185,080 shares changing hands.

ST has been the subject of a number of other research reports. Oppenheimer upped their price objective on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Bank of America lifted their target price on Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays boosted their price target on Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings cut Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.33.

Sensata Technologies News Roundup

Here are the key news stories impacting Sensata Technologies this week:

• Positive Sentiment: Strong third-quarter performance: Sensata reported third-quarter earnings of $1.13 per share, exceeding the $0.96 analyst consensus, while revenue reached approximately $1.0 billion versus expectations of $972.97 million. Revenue increased 7.7% year over year, providing the main fundamental catalyst for the stock. Sensata Technologies third-quarter earnings results
• Positive Sentiment: Barclays raised its price target: Barclays increased its target from $55 to $56 and maintained an “overweight” rating, implying substantial potential upside from current levels. Barclays raises Sensata price target
• Positive Sentiment: Analysts remain bullish despite modest target reductions: UBS lowered its target from $54 to $51 but retained a “buy” rating, while Truist reduced its target from $58 to $57 and also maintained a “buy” rating. Both targets remain well above the current share price. Truist adjusts Sensata price target
• Positive Sentiment: Value-oriented investor interest: A Zacks analysis described Sensata as a strong value stock, potentially attracting investors seeking favorable fundamental characteristics. Zacks Sensata value stock analysis
• Neutral Sentiment: Fourth-quarter outlook under review: Sensata issued fourth-quarter earnings guidance, but the available report does not provide the figures. Investors will compare that outlook with the strong third-quarter results and assess whether momentum can continue. Sensata fourth-quarter guidance

Institutional Trading of Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ST. Root Financial Partners LLC raised its stake in Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Sensata Technologies by 272.3% during the second quarter. Elevation Wealth Partners LLC now owns 901 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 659 shares in the last quarter. Parallel Advisors LLC grew its stake in Sensata Technologies by 90.5% during the first quarter. Parallel Advisors LLC now owns 2,042 shares of the scientific and technical instruments company’s stock worth $72,000 after buying an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Sensata Technologies by 48.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 711 shares during the period. Finally, Signaturefd LLC increased its holdings in Sensata Technologies by 124.1% in the 3rd quarter. Signaturefd LLC now owns 2,302 shares of the scientific and technical instruments company’s stock valued at $96,000 after buying an additional 1,275 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Trading Up 1.1%

The firm’s fifty day simple moving average is $41.92 and its 200 day simple moving average is $41.82. The stock has a market capitalization of $6.02 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.58 and a current ratio of 2.39.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.17. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $972.97 million. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. As a group, equities research analysts forecast that Sensata Technologies Holding N.V. will post 3.80 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 10th. Sensata Technologies’s dividend payout ratio (DPR) is presently 80.00%.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.