Sensata Technologies (NYSE:ST) Now Covered by Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Sensata Technologies (NYSE:ST) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $40.00 price target on the scientific and technical instruments company’s stock.

A number of other brokerages also recently issued reports on ST. Wall Street Zen downgraded Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sensata Technologies in a report on Wednesday, October 28th. Barclays boosted their price objective on Sensata Technologies from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. UBS Group reduced their target price on Sensata Technologies from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Oppenheimer upped their target price on Sensata Technologies from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.30.

Sensata Technologies Trading Up 0.1%

Shares of Sensata Technologies stock opened at $40.38 on Wednesday. The firm has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $42.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.70 and a current ratio of 2.39. Sensata Technologies has a fifty-two week low of $28.16 and a fifty-two week high of $53.89. The company has a market cap of $5.88 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.97 million. During the same period last year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Sensata Technologies will post 3.83 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, November 25th. Investors of record on Wednesday, November 11th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 10th. Sensata Technologies’s dividend payout ratio is 19.20%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in Sensata Technologies in the 3rd quarter worth about $294,000. Heartland Advisors Inc. raised its holdings in shares of Sensata Technologies by 3.4% during the third quarter. Heartland Advisors Inc. now owns 305,650 shares of the scientific and technical instruments company’s stock valued at $12,703,000 after acquiring an additional 10,000 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Sensata Technologies by 49.5% in the third quarter. Voya Investment Management LLC now owns 106,192 shares of the scientific and technical instruments company’s stock valued at $4,413,000 after acquiring an additional 35,175 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Sensata Technologies by 139.2% in the third quarter. Rothschild Investment LLC now owns 3,318 shares of the scientific and technical instruments company’s stock valued at $138,000 after acquiring an additional 1,931 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Sensata Technologies by 0.9% in the third quarter. Cibc World Market Inc. now owns 32,129 shares of the scientific and technical instruments company’s stock valued at $1,335,000 after acquiring an additional 301 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Company Profile

Sensata Technologies is a global developer and manufacturer of sensors, electrical protection components and other sensing solutions. Its products help customers monitor and control pressure, temperature, position, speed and other operating conditions, as well as protect electrical systems. The company serves customers in markets including automotive, heavy vehicles, industrial equipment, aerospace, heating and air conditioning, and appliances. Its offerings are used in applications ranging from vehicle safety and electrification to industrial automation and equipment protection.