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

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

Several other equities research analysts have also commented on ST. Robert W. Baird boosted their price objective 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. Wells Fargo & Company raised their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Bank of America upped their price target on shares of Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Sensata Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.60.

Sensata Technologies Stock Performance

NYSE ST opened at $38.91 on Monday. The business has a 50 day moving average price of $35.76 and a 200 day moving average price of $33.77. The company has a market capitalization of $5.67 billion, a P/E ratio of 204.82, a PEG ratio of 1.15 and a beta of 1.14. Sensata Technologies has a 1-year low of $18.57 and a 1-year high of $39.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78.

Sensata Technologies (NYSE:ST) last posted 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 company had revenue of $917.88 million for the quarter, compared to the consensus estimate of $911.03 million. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.Sensata Technologies’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Sell-side analysts expect that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, February 11th. 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 the business’s stock in a transaction dated 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 transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 7,889 shares of company stock valued at $280,345. Insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Sensata Technologies by 2.4% during the third quarter. Vanguard Group Inc. now owns 14,997,522 shares of the scientific and technical instruments company’s stock valued at $458,174,000 after buying an additional 346,547 shares during the period. Janus Henderson Group PLC boosted its position in Sensata Technologies by 2.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,289,698 shares of the scientific and technical instruments company’s stock worth $342,544,000 after acquiring an additional 230,113 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sensata Technologies by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,266,103 shares of the scientific and technical instruments company’s stock worth $241,884,000 after acquiring an additional 242,865 shares during the period. Woodline Partners LP grew its stake in Sensata Technologies by 165.4% in the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock worth $152,009,000 after acquiring an additional 3,100,927 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Sensata Technologies by 28.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock valued at $143,600,000 after acquiring an additional 961,457 shares during the last quarter. 99.42% of the stock is currently 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.