Sensata Technologies (NYSE:ST) Price Target Raised to $49.00 at Barclays

Sensata Technologies (NYSE:STGet Free Report) had its price objective lifted by research analysts at Barclays from $48.00 to $49.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the scientific and technical instruments company’s stock. Barclays‘s price target indicates a potential upside of 17.90% from the stock’s previous close.

A number of other research firms also recently issued reports on ST. Wells Fargo & Company upped their price target on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price target on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, February 23rd. Robert W. Baird upped their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Truist Financial upped their price target on shares of Sensata Technologies from $38.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Sensata Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $41.40.

View Our Latest Research Report on ST

Sensata Technologies Price Performance

Shares of ST stock traded up $0.03 during mid-day trading on Wednesday, hitting $41.56. The company had a trading volume of 260,457 shares, compared to its average volume of 1,881,451. Sensata Technologies has a 52-week low of $20.57 and a 52-week high of $42.55. The stock’s 50 day moving average price is $36.72 and its 200-day moving average price is $34.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78. The company has a market capitalization of $6.06 billion, a P/E ratio of 219.13, a P/E/G ratio of 1.24 and a beta of 1.14.

Sensata Technologies (NYSE:STGet Free Report) last released its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The firm had revenue of $934.80 million for the quarter. Equities research analysts forecast that Sensata Technologies will post 3.65 earnings per share for the current year.

Insider Buying and Selling at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 7,889 shares of company stock valued at $280,345 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Sensata Technologies by 20.5% in the fourth quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 286 shares during the period. Root Financial Partners LLC raised its stake in shares of Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after acquiring an additional 351 shares during the period. Inscription Capital LLC raised its stake in shares of Sensata Technologies by 1.4% in the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock valued at $930,000 after acquiring an additional 393 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Sensata Technologies by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock valued at $335,000 after acquiring an additional 397 shares during the period. Finally, Swedbank AB raised its stake in shares of Sensata Technologies by 1.2% in the first quarter. Swedbank AB now owns 34,400 shares of the scientific and technical instruments company’s stock valued at $1,212,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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About Sensata Technologies

(Get Free Report)

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.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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