Sensata Technologies (NYSE:ST) Given New $45.00 Price Target at UBS Group

Sensata Technologies (NYSE:ST) had its price target hoisted by UBS Group from $43.00 to $45.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the scientific and technical instruments company’s stock.

A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Robert W. Baird raised their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Barclays raised their price target on shares of Sensata Technologies from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial raised their price target on shares of Sensata Technologies from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Finally, Oppenheimer raised their price target on shares of Sensata Technologies from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $40.80.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $39.36 on Tuesday. Sensata Technologies has a twelve month low of $18.57 and a twelve month high of $39.45. The company has a current ratio of 2.57, a quick ratio of 1.78 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 207.17, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14. The business has a 50 day simple moving average of $35.84 and a 200-day simple moving average of $33.83.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.The business had revenue of $917.88 million during the quarter, compared to the consensus estimate of $911.03 million. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a $0.12 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.48 annualized dividend and a yield of 1.2%. Sensata Technologies’s dividend payout ratio (DPR) is currently 252.63%.

Insiders Place Their Bets

In related news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares in the company, valued at $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 7,889 shares of company stock valued at $280,345. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of ST. Smartleaf Asset Management LLC increased its stake in Sensata Technologies by 659.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 785 shares during the period. CIBC Private Wealth Group LLC increased its stake in Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 728 shares during the period. First Horizon Corp acquired a new position in Sensata Technologies during the 3rd quarter valued at about $29,000. EFG International AG acquired a new position in Sensata Technologies during the 4th quarter valued at about $33,000. Finally, True Wealth Design LLC increased its stake in Sensata Technologies by 62.6% during the 3rd quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 437 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.