Sensata Technologies (NYSE:ST) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sensata Technologies (NYSE:ST) had its price target raised by research analysts at Wells Fargo & Company from $48.00 to $49.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 1.23% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Oppenheimer upped their price objective on shares of Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group raised their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Barclays downgraded shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $49.00 to $53.00 in a research report on Friday, May 29th. Truist Financial raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $43.00 to $58.00 in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.80.

Sensata Technologies Stock Performance

ST traded up $1.41 during trading hours on Thursday, hitting $49.61. The company’s stock had a trading volume of 219,485 shares, compared to its average volume of 2,048,093. The company has a 50-day simple moving average of $46.73 and a 200 day simple moving average of $39.25. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $7.21 billion, a PE ratio of 159.83, a PEG ratio of 1.41 and a beta of 1.26. Sensata Technologies has a fifty-two week low of $28.16 and a fifty-two week high of $53.89.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The company had revenue of $934.80 million during the quarter. As a group, sell-side analysts expect that Sensata Technologies will post 3.73 EPS for the current year.

Insider Activity

In other news, EVP David K. Stott sold 6,335 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the transaction, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. The trade was a 13.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ST. Woodline Partners LP lifted its holdings in shares of Sensata Technologies by 165.4% during the third 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 last quarter. Pzena Investment Management LLC increased its stake in Sensata Technologies by 380.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock worth $116,828,000 after purchasing an additional 2,778,918 shares in the last quarter. Norges Bank purchased a new position in Sensata Technologies in the 4th quarter worth about $62,966,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 worth $143,600,000 after buying an additional 961,457 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Sensata Technologies by 45.5% during the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock valued at $84,601,000 after buying an additional 750,646 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.