Analysts Set Sensata Technologies Holding N.V. (NYSE:ST) Target Price at $48.60

Sensata Technologies Holding N.V. (NYSE:ST) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $48.60.

Several equities research analysts have commented on the stock. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. Bank of America raised their price objective on shares of Sensata Technologies from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Oppenheimer lifted their price objective on shares of Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company increased their target price on shares of Sensata Technologies from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th.

Insider Activity

In other news, EVP David K. Stott sold 6,335 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the sale, the executive vice president owned 39,687 shares in the company, valued at approximately $1,881,163.80. This represents a 13.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ST. CIBC Private Wealth Group LLC lifted its holdings in shares of Sensata Technologies by 700.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in Sensata Technologies by 272.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 901 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 659 shares in the last quarter. Root Financial Partners LLC raised its holdings in Sensata Technologies by 62.5% during the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 351 shares during the period. EFG International AG acquired a new stake in Sensata Technologies during the 4th quarter worth about $33,000. Finally, Parallel Advisors LLC raised its holdings in Sensata Technologies by 62.7% during the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 413 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of ST stock opened at $45.62 on Thursday. Sensata Technologies has a 1 year low of $28.16 and a 1 year high of $53.89. The stock has a market cap of $6.63 billion, a PE ratio of 147.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27. The business’s fifty day moving average is $47.98 and its 200-day moving average is $41.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share 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. Equities analysts expect that Sensata Technologies will post 3.73 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. Sensata Technologies’s dividend payout ratio is currently 154.84%.

Sensata Technologies Company Profile

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.