Sensata Technologies (NYSE:ST) Given New $48.00 Price Target at Wells Fargo & Company

Sensata Technologies (NYSE:ST) had its price objective boosted by analysts at Wells Fargo & Company from $42.00 to $48.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 6.94% from the stock’s current price.

A number of other research firms have also recently issued reports on ST. Barclays cut Sensata Technologies from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $49.00 to $53.00 in a research report on Friday. Bank of America raised their target price on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Sensata Technologies in a research report on Friday. The Goldman Sachs Group boosted their price objective on Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird boosted their target price 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. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.80.

Sensata Technologies Trading Up 4.4%

Shares of NYSE:ST opened at $51.58 on Tuesday. The company has a market capitalization of $7.50 billion, a P/E ratio of 165.77, a P/E/G ratio of 1.43 and a beta of 1.26. Sensata Technologies has a 1 year low of $25.44 and a 1 year high of $50.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. The business’s 50 day simple moving average is $41.73 and its 200 day simple moving average is $36.92.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The business had revenue of $934.80 million during the quarter. On average, research analysts anticipate that Sensata Technologies will post 3.73 EPS for the current fiscal year.

Insider Activity

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the sale, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This trade represents a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction dated Tuesday, April 7th. The stock was 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 approximately $2,528,345.82. This trade represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,728 shares of company stock valued at $486,949. 0.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ST. Woodline Partners LP raised its stake in shares of Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after purchasing an additional 3,100,927 shares during the period. Pzena Investment Management LLC boosted its stake in Sensata Technologies by 380.4% during the fourth quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after buying an additional 2,778,918 shares during the period. Norges Bank bought a new stake in shares of Sensata Technologies during the 4th quarter valued at about $62,966,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Sensata Technologies by 28.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock worth $143,600,000 after purchasing an additional 961,457 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Sensata Technologies by 45.5% during the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock worth $84,601,000 after purchasing an additional 750,646 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

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.