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

Sensata Technologies (NYSE:ST) had its target price boosted by The Goldman Sachs Group from $43.00 to $48.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

Several other research firms have also weighed in on ST. Wells Fargo & Company upped their price target on Sensata Technologies from $37.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial upped their price target on Sensata Technologies from $38.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday. Bank of America boosted their target price on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Oppenheimer upped their target price on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.10.

Sensata Technologies Stock Up 1.4%

NYSE:ST opened at $42.21 on Wednesday. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 136.15, a PEG ratio of 1.20 and a beta of 1.21. Sensata Technologies has a 1-year low of $21.39 and a 1-year high of $42.55. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average price is $36.89 and its 200 day moving average price is $34.63.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The firm had revenue of $934.80 million for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, sell-side analysts forecast that Sensata Technologies will post 3.72 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, May 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is 154.84%.

Insider Activity

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

Institutional Trading of Sensata Technologies

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Sensata Technologies by 659.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 785 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 728 shares in the last quarter. First Horizon Corp bought a new stake in shares of Sensata Technologies during the 3rd quarter worth about $29,000. Root Financial Partners LLC boosted its stake in shares of 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 acquiring an additional 351 shares in the last quarter. Finally, EFG International AG bought a new stake in shares of Sensata Technologies during the 4th quarter worth about $33,000. Institutional investors own 99.42% of the company’s stock.

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.