Sensata Technologies (NYSE:ST) Price Target Raised to $46.00 at Truist Financial

Sensata Technologies (NYSE:ST) had its price target upped by Truist Financial from $36.00 to $46.00 in a research report released on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the scientific and technical instruments company’s stock.

ST has been the topic of a number of other reports. Bank of America cut Sensata Technologies from a buy rating to a neutral rating and decreased their price target for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price target for the company in a report on Tuesday, January 30th. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a neutral rating to an underweight rating and cut their price target for the stock from $37.00 to $34.00 in a report on Monday, January 8th. The Goldman Sachs Group reaffirmed a neutral rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Finally, Robert W. Baird raised their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Sensata Technologies has an average rating of Hold and an average price target of $42.00.

Sensata Technologies Stock Up 1.7 %

Shares of NYSE ST opened at $40.07 on Tuesday. The business has a 50-day moving average of $35.49 and a 200-day moving average of $34.75. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of -364.24, a PEG ratio of 0.94 and a beta of 1.32. The company has a current ratio of 2.64, a quick ratio of 1.69 and a debt-to-equity ratio of 1.14. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $47.41.

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

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ST. CWM LLC increased its holdings in Sensata Technologies by 253.8% in the 3rd quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company’s stock worth $114,000 after buying an additional 2,162 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Sensata Technologies by 153.8% during the third quarter. SG Americas Securities LLC now owns 13,102 shares of the scientific and technical instruments company’s stock valued at $496,000 after purchasing an additional 7,940 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Sensata Technologies during the third quarter valued at approximately $685,000. Asset Management One Co. Ltd. boosted its holdings in Sensata Technologies by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 64,151 shares of the scientific and technical instruments company’s stock worth $2,426,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Sensata Technologies by 9.5% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,386 shares of the scientific and technical instruments company’s stock valued at $2,170,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

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.