Oppenheimer Lowers Sensata Technologies Price Target to $40.00

Oppenheimer has reduced its price target for Sensata Technologies (NYSE:ST) from $44.00 to $40.00, according to a research note released on Thursday. Despite the downgrade, Oppenheimer maintains an outperform rating for the scientific and technical instruments firm.

Several other research analysts have also updated their assessments of Sensata Technologies recently. On November 5th, Stifel Nicolaus lowered their target price from $43.00 to $38.00 while assigning a "hold" rating to the stock. Similarly, JPMorgan Chase & Co. adjusted their price target down from $34.00 to $32.00 and rated the stock as "underweight" on the same date. Truist Financial also cut their price objective from $38.00 to $33.00 and provided a "hold" rating.

Additionally, Evercore ISI revised their price target from $43.00 to $40.00 with an outperform rating, revealing this change in a report on January 17th. Robert W. Baird was another firm to lower its price objective, downgrading it from $40.00 to $36.00 while maintaining a neutral rating on November 5th. At present, one analyst has issued a sell rating for the stock, while seven have given it a hold rating and five have rated it a buy. As per data from MarketBeat, Sensata Technologies currently has an average rating of "Hold," with a consensus price target of $39.08.

Sensata Technologies Price Performance

On Thursday, shares of Sensata Technologies opened at $29.57. 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. The stock has a beta of 1.23, a 50-day moving average of $27.96, and a 200-day moving average of $32.51. Sensata’s debt-to-equity ratio stands at 1.08, while the current ratio and quick ratio are at 2.60 and 1.76, respectively. The stock has fluctuated within a fifty-two week range, with a low of $24.91 and a high of $43.14.

The most recent quarterly earnings for Sensata Technologies were announced on February 11th, with earnings per share reported at $0.76, meeting analysts' expectations. The company posted a positive return on equity of 17.68%, although it has a net margin of -1.98%. Analysts predict that Sensata Technologies will earn approximately 3.44 per share for the current fiscal year.

Recent Dividend Declaration

Sensata Technologies has also announced a quarterly dividend, expected to be paid on February 26th. Shareholders on record as of February 12th will receive a dividend of $0.12. This marks an annualized dividend of $0.48, reflecting a 1.62% yield. The company has a payout ratio of -88.89%.

Institutional Investors' Activity

Recent changes among institutional investors regarding Sensata Technologies include Tidal Investments LLC, which increased its stake by 1.1% in the third quarter, now holding 29,346 shares valued at $1,052,000. Franklin Resources Inc. raised its stake by 3.7%, owning 11,442 shares worth $418,000. Arizona State Retirement System has increased its stake by 0.9%, owning 43,810 shares valued at $1,200,000. Similarly, Assetmark Inc. increased their stake by 19.0%, owning 2,602 shares valued at $93,000. Treasurer of the State of North Carolina grew its stake by 0.6%, holding 65,706 shares valued at $1,800,000. Overall, 99.42% of Sensata Technologies stock is currently owned by institutional investors and hedge funds.

About Sensata Technologies

Sensata Technologies Holding plc is engaged in the development, manufacturing, and selling of sensors and sensor-rich solutions, alongside electrical protection components used in various critical applications worldwide. The company operates across two segments: Performance Sensing and Sensing Solutions.

Oppenheimer, Sensata, Price