Sensata Technologies (NYSE:ST) Price Target Raised to $43.00

Sensata Technologies (NYSE:ST) had its price objective boosted by Truist Financial from $38.00 to $43.00 in a report published on Wednesday,Benzinga reports. The firm currently has a hold rating on the scientific and technical instruments company’s stock.

Other equities research analysts have also issued reports about the company. Bank of America increased their price target on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company increased their price objective on Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Robert W. Baird increased their price objective on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Oppenheimer increased their price objective on Sensata Technologies from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Four research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.10.

Sensata Technologies Stock Up 1.4%

NYSE ST opened at $42.21 on Wednesday. The firm has a market cap of $6.14 billion, a PE ratio of 136.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. Sensata Technologies has a one year low of $21.39 and a one year high of $42.55. The stock’s 50 day simple moving average is $36.89 and its 200 day simple moving average is $34.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.78.

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

Sensata Technologies Announces Dividend

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

Insider Buying and Selling

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 7,889 shares of company stock valued at $280,345. 0.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ST. Woodline Partners LP boosted its position in shares of Sensata Technologies by 165.4% in the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock worth $152,009,000 after purchasing an additional 3,100,927 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of 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 during the last quarter. Norges Bank bought a new position in shares of Sensata Technologies in the 4th quarter worth $62,966,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Sensata Technologies by 28.7% in 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 purchasing an additional 961,457 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Sensata Technologies in the 2nd quarter worth $21,786,000. 99.42% of the stock is currently owned by institutional investors.

About Sensata Technologies

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.