Sensata Technologies (NYSE:ST) had its price objective hoisted by Morgan Stanley from $53.00 to $55.00 in a report issued on Friday, February 2nd. They currently have an equal weight rating on the scientific and technical instruments company’s stock.
ST has been the subject of a number of other reports. Citigroup boosted their price objective on Sensata Technologies from $49.00 to $55.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Barclays boosted their price objective on Sensata Technologies from $52.00 to $53.00 and gave the company an overweight rating in a research note on Friday, October 20th. SunTrust Banks restated a buy rating and set a $53.00 price target on shares of Sensata Technologies in a research note on Thursday, October 12th. Zacks Investment Research cut Sensata Technologies from a buy rating to a hold rating and set a $58.00 price target for the company. in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. set a $60.00 price target on Sensata Technologies and gave the stock a buy rating in a research note on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $57.00.
Shares of Sensata Technologies (ST) traded down $0.27 on Friday, reaching $51.72. 286,883 shares of the company traded hands, compared to its average volume of 1,281,329. The stock has a market cap of $8,786.56, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.40 and a beta of 1.52. Sensata Technologies has a 12-month low of $38.71 and a 12-month high of $57.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.23 and a current ratio of 2.94.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $840.53 million for the quarter, compared to analyst estimates of $822.31 million. Sensata Technologies had a net margin of 12.35% and a return on equity of 25.40%. Sensata Technologies’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. research analysts anticipate that Sensata Technologies will post 3.65 earnings per share for the current year.
In other Sensata Technologies news, Director Paul B. Edgerley purchased 200,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $47.47 per share, with a total value of $9,494,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Beringhause sold 3,720 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total value of $204,042.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in ST. Taylor Cottrill Erickson & Associates Inc. raised its holdings in shares of Sensata Technologies by 25.8% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after buying an additional 4,975 shares during the period. Swiss National Bank grew its stake in Sensata Technologies by 1.2% during the 3rd quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock valued at $30,296,000 after purchasing an additional 7,700 shares in the last quarter. Schroder Investment Management Group grew its stake in Sensata Technologies by 22.2% during the 3rd quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock valued at $29,989,000 after purchasing an additional 114,867 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in Sensata Technologies during the 3rd quarter valued at approximately $15,458,000. Finally, Russell Investments Group Ltd. grew its position in shares of Sensata Technologies by 13.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock worth $47,305,000 after acquiring an additional 119,913 shares in the last quarter.
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About Sensata Technologies
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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