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

Sensata Technologies (NYSE:ST) had its price target lifted by UBS Group from $45.00 to $48.00 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the scientific and technical instruments company’s stock.

Other research analysts have also issued research reports about the company. Truist Financial lifted their target price on Sensata Technologies from $38.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday. Oppenheimer lifted 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. Barclays lifted their target price on Sensata Technologies from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Finally, Bank of America lifted their target price on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.10.

Sensata Technologies Price Performance

Shares of ST opened at $42.21 on Wednesday. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 136.15, a PEG ratio of 1.20 and a beta of 1.21. The stock has a 50 day moving average of $36.89 and a 200-day moving average of $34.63. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. Sensata Technologies has a 52 week low of $21.39 and a 52 week high of $42.55.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The company had revenue of $934.80 million during the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. As a group, analysts forecast that Sensata Technologies will post 3.72 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. Sensata Technologies’s payout ratio is currently 154.84%.

Insider Transactions at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 7,889 shares of company stock worth $280,345. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Woodline Partners LP boosted its position in Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after purchasing an additional 3,100,927 shares during the period. Pzena Investment Management LLC boosted its position in Sensata Technologies by 380.4% during the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after purchasing an additional 2,778,918 shares during the period. Norges Bank acquired a new position in Sensata Technologies during the 4th quarter valued at approximately $62,966,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Sensata Technologies by 28.7% during 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 in the last quarter. Finally, First Trust Advisors LP bought a new stake in Sensata Technologies during the 2nd quarter valued at $21,786,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.