Sensata Technologies (NYSE:ST) PT Lowered to $42.00 – Defense World
Posted by admin on Jul 16th, 2022 
Sensata Technologies (NYSE:ST – Get Rating) had its price target lowered by JPMorgan Chase & Co. from $58.00 to $42.00 in a report released on Thursday, The Fly reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.22% from the stock’s current price.
ST has been the topic of several other reports. StockNews.com assumed coverage on shares of Sensata Technologies in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wolfe Research upgraded shares of Sensata Technologies from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Wednesday, June 22nd. Cowen decreased their target price on shares of Sensata Technologies from $70.00 to $65.00 in a report on Wednesday, April 27th. Citigroup decreased their target price on shares of Sensata Technologies from $60.00 to $50.00 in a report on Wednesday, April 27th. Finally, Barclays decreased their target price on shares of Sensata Technologies from $70.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $58.42.
ST opened at $40.69 on Thursday. The firm has a market capitalization of $6.39 billion, a PE ratio of 19.56, a PEG ratio of 0.96 and a beta of 1.32. Sensata Technologies has a twelve month low of $38.31 and a twelve month high of $65.58. The firm’s 50-day moving average price is $43.91 and its 200 day moving average price is $50.94. The company has a current ratio of 3.68, a quick ratio of 2.91 and a debt-to-equity ratio of 1.38.
Sensata Technologies (NYSE:ST – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $975.77 million for the quarter, compared to analyst estimates of $960.62 million. Sensata Technologies had a net margin of 8.62% and a return on equity of 18.28%. Sensata Technologies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, sell-side analysts expect that Sensata Technologies will post 3.81 EPS for the current fiscal year.
In related news, SVP Shannon M. Votava sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $48.81, for a total transaction of $87,858.00. Following the sale, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $799,947.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in shares of Sensata Technologies by 9.3% in the 4th quarter. Signaturefd LLC now owns 2,275 shares of the scientific and technical instruments company’s stock valued at $140,000 after purchasing an additional 193 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Sensata Technologies by 24.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,165 shares of the scientific and technical instruments company’s stock valued at $72,000 after purchasing an additional 227 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Sensata Technologies by 25.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,168 shares of the scientific and technical instruments company’s stock valued at $71,000 after purchasing an additional 236 shares during the last quarter. Orca Investment Management LLC increased its position in shares of Sensata Technologies by 0.6% in the 4th quarter. Orca Investment Management LLC now owns 37,970 shares of the scientific and technical instruments company’s stock valued at $2,342,000 after purchasing an additional 245 shares during the last quarter. Finally, Mariner LLC increased its position in shares of Sensata Technologies by 1.5% in the 1st quarter. Mariner LLC now owns 17,405 shares of the scientific and technical instruments company’s stock valued at $885,000 after purchasing an additional 261 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.
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Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.
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