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

Sensata Technologies (NYSE:STGet Free Report) had its target price hoisted by equities research analysts at Wells Fargo & Company from $37.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 4.61% from the company’s previous close.

ST has been the subject of a number of other reports. Oppenheimer boosted their target price on shares of Sensata Technologies from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Bank of America raised their target price on shares of Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Truist Financial boosted their price target on Sensata Technologies from $38.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday. UBS Group lifted their target price on Sensata Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Barclays increased their price target on Sensata Technologies from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.90.

Check Out Our Latest Stock Report on Sensata Technologies

Sensata Technologies Trading Down 3.3%

Shares of ST traded down $1.38 during mid-day trading on Wednesday, reaching $40.15. 754,019 shares of the company’s stock traded hands, compared to its average volume of 1,885,039. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78. The stock’s 50-day moving average is $36.72 and its two-hundred day moving average is $34.55. Sensata Technologies has a 12 month low of $20.57 and a 12 month high of $42.55. The stock has a market cap of $5.85 billion, a P/E ratio of 211.33, a P/E/G ratio of 1.24 and a beta of 1.14.

Sensata Technologies (NYSE:STGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $934.80 million during the quarter. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%. Research analysts forecast that Sensata Technologies will post 3.65 earnings per share for the current fiscal year.

Insider Transactions at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the transaction, the executive vice president directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. This trade represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 7,889 shares of company stock worth $280,345. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors have recently added to or reduced their stakes in ST. Goldman Sachs Group Inc. raised its holdings in Sensata Technologies by 107.8% in the first quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock worth $10,172,000 after purchasing an additional 217,418 shares in the last quarter. United Services Automobile Association bought a new position in shares of Sensata Technologies during the 1st quarter worth approximately $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sensata Technologies by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock valued at $12,280,000 after acquiring an additional 55,045 shares during the last quarter. Cetera Investment Advisers boosted its stake in Sensata Technologies by 11.8% in the second quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock valued at $705,000 after acquiring an additional 2,472 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Sensata Technologies in the second quarter worth $750,000. Institutional investors own 99.42% of the company’s stock.

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About Sensata Technologies

(Get Free Report)

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.

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