Sensata Technologies (NYSE:ST) Upgraded 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 published on Monday, MarketBeat.com reports. The brokerage currently has $60.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $44.00.

A number of other research analysts have also recently weighed in on ST. Oppenheimer upgraded shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective on the stock in a research report on Tuesday, January 30th. Robert W. Baird upped their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. cut shares of Sensata Technologies from a neutral rating to an underweight rating and cut their price target for the stock from $37.00 to $34.00 in a report on Monday, January 8th. Truist Financial upped their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group began coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a hold rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of Hold and a consensus target price of $43.78.

Sensata Technologies Trading Up 2.6 %

ST stock opened at $41.10 on Monday. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $47.41. The firm’s fifty day simple moving average is $35.62 and its two-hundred day simple moving average is $34.75.

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, beating analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts predict that Sensata Technologies will post 3.75 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Insiders Place Their Bets

In other news, Director Ali John Mirshekari purchased 73,137 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the transaction, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Trading of Sensata Technologies

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Sensata Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after purchasing an additional 69,837 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Sensata Technologies by 1.2% in the 3rd 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 raised its position in shares of Sensata Technologies by 4.5% in the 3rd 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 during the last quarter. Kodai Capital Management LP purchased a new position in shares of Sensata Technologies in the 4th quarter valued at approximately $133,156,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Sensata Technologies by 15.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock valued at $128,325,000 after purchasing an additional 455,237 shares during the last quarter. 99.42% of the stock is 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.