Sensata Technologies (NYSE:ST) PT Raised to $43.00

Sensata Technologies (NYSE:ST) had its price objective upped by Stifel Nicolaus from $36.00 to $43.00 in a research note issued to investors on Tuesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the scientific and technical instruments company’s stock.

ST has been the subject of several other reports. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a hold rating and a $40.00 target price for the company. Bank of America lowered shares of Sensata Technologies from a buy rating to a neutral rating and cut their price objective for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. Oppenheimer raised Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 target price on the stock in a research report on Tuesday, January 30th. The Goldman Sachs Group reissued a neutral rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lowered Sensata Technologies from a neutral rating to an underweight rating and cut their target price for the company from $37.00 to $34.00 in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies has a consensus rating of Hold and an average price target of $42.00.

Sensata Technologies Stock Up 1.7 %

Sensata Technologies stock opened at $40.07 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.69. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The firm has a fifty day moving average price of $35.49 and a two-hundred day moving average price of $34.75. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -364.24, a P/E/G ratio of 0.94 and a beta of 1.32.

Sensata Technologies (NYSE:ST) last posted 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 business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, analysts forecast that Sensata Technologies will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently bought and sold shares of ST. Vanguard Group Inc. lifted its position in Sensata Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock worth $560,188,000 after buying an additional 69,837 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Sensata Technologies by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after purchasing an additional 62,468 shares during the last quarter. Shapiro Capital Management LLC increased its holdings in shares of Sensata Technologies by 4.5% in the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after purchasing an additional 186,627 shares in the last quarter. Kodai Capital Management LP bought a new position in Sensata Technologies in the 4th quarter worth approximately $133,156,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Sensata Technologies by 15.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock worth $128,325,000 after buying an additional 455,237 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Company Profile

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.