Sensata Technologies (NYSE:ST) Price Target Raised to $32.00

Sensata Technologies (NYSE:ST) had its target price boosted by Bank of America from $27.00 to $32.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Bank of America currently has a neutral rating on the scientific and technical instruments company’s stock.

ST has been the subject of several other research reports. Wall Street Zen downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. The Goldman Sachs Group boosted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 9th. UBS Group lifted their target price on Sensata Technologies from $34.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and cut their target price for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their target price on Sensata Technologies from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.50.

Sensata Technologies Price Performance

Shares of ST opened at $31.56 on Wednesday. Sensata Technologies has a 1 year low of $17.32 and a 1 year high of $41.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.13. The business has a 50-day moving average of $28.71 and a 200-day moving average of $26.58.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. Sensata Technologies’s payout ratio is 59.26%.

Insider Activity

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director directly owned 41,117 shares of the company’s stock, valued at $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Sensata Technologies during the 4th quarter valued at about $48,580,000. Principal Financial Group Inc. boosted its holdings in Sensata Technologies by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company’s stock valued at $8,356,000 after acquiring an additional 1,578 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Sensata Technologies by 184.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after acquiring an additional 32,084 shares during the period. Brown Advisory Inc. boosted its holdings in Sensata Technologies by 3.1% during the 1st quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company’s stock valued at $33,891,000 after acquiring an additional 42,423 shares during the period. Finally, Invesco Ltd. boosted its holdings in Sensata Technologies by 19.4% during the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock valued at $8,937,000 after acquiring an additional 53,034 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.