Sensata Technologies (NYSE:ST) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, February 2nd.
ST has been the topic of several other reports. Zacks Investment Research upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, January 10th. BMO Capital Markets reiterated a “hold” rating and issued a $51.00 price objective on shares of Sensata Technologies in a research report on Tuesday, January 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $63.00 price objective on shares of Sensata Technologies in a research report on Thursday, February 1st. Cowen reissued a “hold” rating on shares of Sensata Technologies in a research note on Thursday, December 14th. Finally, Morgan Stanley raised their target price on shares of Sensata Technologies from $48.00 to $50.00 and gave the company an “equal weight” 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $57.00.
Sensata Technologies (NYSE:ST) opened at $51.99 on Friday. Sensata Technologies has a 52 week low of $38.71 and a 52 week high of $57.40. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 1.39. The company has a market cap of $8,786.56, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.52.
Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. Sensata Technologies had a net margin of 12.35% and a return on equity of 25.40%. The company had revenue of $840.53 million for the quarter, compared to the consensus estimate of $822.31 million. During the same period last year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Sensata Technologies will post 3.65 earnings per share for the current fiscal year.
In other news, Director Paul B. Edgerley bought 200,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $204,042.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Taylor Cottrill Erickson & Associates Inc. boosted its holdings in shares of Sensata Technologies by 25.8% in the third quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock worth $1,167,000 after buying an additional 4,975 shares during the period. Swiss National Bank boosted its holdings in shares of Sensata Technologies by 1.2% in the third quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock worth $30,296,000 after buying an additional 7,700 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Sensata Technologies by 22.2% in the third quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock worth $29,989,000 after buying an additional 114,867 shares during the period. British Airways Pensions Investment Management Ltd acquired a new position in shares of Sensata Technologies in the third quarter worth about $15,458,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Sensata Technologies by 13.9% in the third quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock worth $47,305,000 after buying an additional 119,913 shares during the period.
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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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