Sensata Technologies (NYSE:ST) Rating Increased to Outperform at Evercore ISI

Evercore ISI upgraded shares of Sensata Technologies (NYSE:ST) from an in-line rating to an outperform rating in a report issued on Monday morning, MarketBeat.com reports. The firm currently has $60.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $44.00.

ST has been the topic of several other reports. The Goldman Sachs Group restated a neutral rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. JPMorgan Chase & Co. downgraded Sensata Technologies from a neutral rating to an underweight rating and decreased their price target for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Bank of America cut Sensata Technologies from a buy rating to a neutral rating and cut their price objective for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Robert W. Baird raised their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a neutral rating in a research report on Tuesday, April 30th. Finally, Oppenheimer raised shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price target on the stock in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies presently has a consensus rating of Hold and a consensus target price of $43.78.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $42.54 on Monday. The stock’s 50 day moving average is $35.95 and its 200-day moving average is $34.85. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $47.41. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of -386.73, a PEG ratio of 0.97 and a beta of 1.32.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts forecast that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.36%.

Insider Activity at Sensata Technologies

In other Sensata Technologies news, Director Ali John Mirshekari purchased 73,137 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the purchase, the director now owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised its position in shares of Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust boosted its position in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the last quarter. Covestor Ltd grew its holdings in shares of Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in shares of Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after purchasing an additional 2,851 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.