Sensata Technologies (NYSE:ST) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Sensata Technologies (NYSE:ST) from an in-line rating to an outperform rating in a research note published on Monday, Marketbeat reports. They currently have $60.00 price objective on the scientific and technical instruments company’s stock, up from their prior price objective of $44.00.

ST has been the subject of a number of other research reports. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 target price for the company. Oppenheimer upgraded shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 target price for the company in a research note on Tuesday, January 30th. Robert W. Baird increased their price target on Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a research report on Tuesday, April 30th. Truist Financial lifted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a hold rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $43.78.

Sensata Technologies Stock Up 1.3 %

ST opened at $42.54 on Monday. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The company has a market capitalization of $6.40 billion, a P/E ratio of -386.73, a P/E/G ratio of 0.97 and a beta of 1.32. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. The firm’s fifty day moving average price is $35.95 and its two-hundred day moving average price is $34.85.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, analysts anticipate that Sensata Technologies will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.36%.

Insider Activity

In other Sensata Technologies news, Director Ali John Mirshekari purchased 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ST. Amalgamated Bank raised its stake in Sensata Technologies by 0.3% in the 1st quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after acquiring an additional 310 shares during the period. Fulton Bank N.A. raised its position in shares of Sensata Technologies by 1.2% in the first quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock valued at $952,000 after purchasing an additional 317 shares during the period. Northwest Investment Counselors LLC boosted its holdings in shares of Sensata Technologies by 1.1% during the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after buying an additional 320 shares during the period. Treasurer of the State of North Carolina grew its stake in Sensata Technologies by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after buying an additional 340 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Sensata Technologies by 7.1% in the 3rd quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock valued at $239,000 after acquiring an additional 421 shares during the period. 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.