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

Sensata Technologies (NYSE:ST) had its target price reduced by equities research analysts at Robert W. Baird from $24.00 to $23.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target would indicate a potential upside of 19.92% from the stock’s current price.

A number of other brokerages have also commented on ST. The Goldman Sachs Group upgraded shares of Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Oppenheimer cut their price target on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group decreased their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and cut their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. One investment 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. Based on data from MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus target price of $35.55.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock opened at $19.18 on Tuesday. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $43.14. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.87 billion, a PE ratio of 22.83, a PEG ratio of 1.25 and a beta of 1.12. The stock’s fifty day simple moving average is $25.70 and its 200 day simple moving average is $29.18.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share 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%. On average, research analysts predict that Sensata Technologies will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its stake in Sensata Technologies by 96.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock valued at $144,148,000 after purchasing an additional 2,587,183 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock valued at $214,308,000 after buying an additional 2,088,161 shares during the period. Norges Bank acquired a new stake in shares of Sensata Technologies in the fourth quarter valued at approximately $48,580,000. Woodline Partners LP boosted its stake in shares of Sensata Technologies by 65.2% during the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company’s stock worth $62,412,000 after acquiring an additional 898,835 shares during the period. Finally, Eminence Capital LP increased its holdings in shares of Sensata Technologies by 25.2% during the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company’s stock worth $118,333,000 after acquiring an additional 870,419 shares during the last quarter. Institutional investors 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.