Sensata Technologies (NYSE:ST) Price Target Raised to $48.00

Sensata Technologies (NYSE:ST) had its target price increased by Barclays from $44.00 to $48.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

A number of other equities analysts also recently commented on the stock. Oppenheimer boosted their target price on shares of Sensata Technologies from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Truist Financial boosted their target price on shares of Sensata Technologies from $35.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Robert W. Baird boosted their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised shares of Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Four 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.80.

Sensata Technologies Stock Performance

Shares of ST stock opened at $38.74 on Monday. 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 firm has a fifty day moving average price of $35.89 and a 200 day moving average price of $33.87. The company has a market cap of $5.65 billion, a P/E ratio of 203.93, a PEG ratio of 1.16 and a beta of 1.14. Sensata Technologies has a 12 month low of $18.57 and a 12 month high of $39.91.

Sensata Technologies (NYSE:ST) last issued its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $917.88 million during the quarter, compared to the consensus estimate of $911.03 million. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Sell-side analysts predict that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Sensata Technologies’s payout ratio is 252.63%.

Insiders Place Their Bets

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the completion of the sale, the executive vice president directly owned 72,842 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 7,889 shares of company stock valued at $280,345 over the last three months. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Sensata Technologies by 107.8% in the first quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock valued at $10,172,000 after buying an additional 217,418 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Sensata Technologies in the first quarter valued at about $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sensata Technologies by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock valued at $12,280,000 after buying an additional 55,045 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Sensata Technologies by 11.8% in the second quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock valued at $705,000 after buying an additional 2,472 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sensata Technologies in the second quarter valued at about $750,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

About Sensata Technologies

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.