Oppenheimer Lowers Sensata Technologies Price Target to $40.00

Oppenheimer has revised its price target for Sensata Technologies (NYSE:ST) from $44.00 to $40.00 according to a recent research note. This change, reported on Thursday by Benzinga, maintains an outperform rating on the scientific and technical instruments company’s stock.

Various other equity research analysts have also published their insights regarding Sensata Technologies. Stifel Nicolaus has decreased their target price from $43.00 to $38.00 and assigned a "hold" rating. Meanwhile, JPMorgan Chase & Co. lowered their target from $34.00 to $32.00 and designated the stock as "underweight". Truist Financial set their price target at $33.00, down from $38.00, also issuing a "hold" rating. In addition, Evercore ISI revised their target down from $43.00 to $40.00 while keeping an "outperform" rating. Robert W. Baird reduced their target from $40.00 to $36.00, giving it a "neutral" rating. Overall, the investment community remains divided; one analyst has issued a sell rating, seven have given holds, and five have recommended buys. The current consensus rating for Sensata Technologies stands at "Hold" with an average price target of $39.08 according to MarketBeat data.

Performance Overview of Sensata Technologies

Sensata Technologies opened at $29.57 on the stock market. The company boasts a market capitalization of $4.42 billion, with a price-to-earnings ratio of -54.76 and a PEG ratio of 0.77. Additionally, Sensata has a beta of 1.23. The stock's 50-day moving average is $27.96, while the 200-day moving average is recorded at $32.51. The firm maintains a debt-to-equity ratio of 1.08, a current ratio of 2.60, and a quick ratio of 1.76. Over the past year, the stock has fluctuated between a low of $24.91 and a high of $43.14.

The company released its quarterly earnings report on February 11th, showing earnings per share of $0.76, which met analyst expectations. Sensata Technologies reported a positive return on equity of 17.68%, though it noted a negative net margin of 1.98%. Analysts are estimating that the earnings per share for the current fiscal year will be around 3.44.

Dividend Announcement from Sensata Technologies

Alongside financial results, Sensata Technologies declared a quarterly dividend. This payment will occur on February 26th. Shareholders who were recorded on February 12th will receive a dividend of $0.12 per share, equating to an annualized dividend total of $0.48 and a yield of 1.62%. The payout ratio for the company stands at -88.89%.

Institutional Investment Trends

Recent activity among institutional investors revealed several adjustments to their holdings in Sensata Technologies. Tidal Investments LLC increased its stake by 1.1% during the third quarter, now holding 29,346 shares valued at $1,052,000 after acquiring an additional 314 shares. Franklin Resources Inc. also increased its position by 3.7% to own 11,442 shares valued at $418,000. In the fourth quarter, Arizona State Retirement System marginally increased its holdings by 0.9% to own 43,810 shares valued at $1,200,000. Assetmark Inc. raised its stake by 19.0% during the same quarter, acquiring a total of 2,602 shares valued at $93,000. Furthermore, the Treasurer of the State of North Carolina raised its stake by 0.6%, now holding 65,706 shares valued at $1,800,000. Institutional and hedge fund investors own 99.42% of Sensata Technologies' stock.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, as well as electrical protection components and systems. Operating globally, the company functions within two segments: Performance Sensing and Sensing Solutions.

Oppenheimer, Sensata, Stock