Sensata Technologies (NYSE:ST) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sensata Technologies (NYSE:STGet Rating) from a hold rating to a buy rating in a report published on Tuesday morning, The Fly reports. Jefferies Financial Group currently has $54.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $43.00.

A number of other research firms have also recently weighed in on ST. Citigroup lowered their target price on shares of Sensata Technologies from $45.00 to $42.00 and set a neutral rating on the stock in a research note on Wednesday, October 26th. Stifel Nicolaus lowered their target price on shares of Sensata Technologies from $52.00 to $48.00 and set a buy rating on the stock in a research note on Monday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of Sensata Technologies from $42.00 to $47.00 and gave the company a neutral rating in a research note on Monday, October 10th. Truist Financial lowered their target price on shares of Sensata Technologies from $46.00 to $43.00 and set a hold rating on the stock in a research note on Wednesday, July 27th. Finally, Royal Bank of Canada lowered their target price on shares of Sensata Technologies from $51.00 to $49.00 and set an outperform rating on the stock in a research note on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $55.80.

Sensata Technologies Trading Up 3.1 %

Shares of Sensata Technologies stock opened at $45.09 on Tuesday. The company’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $42.45. The stock has a market capitalization of $6.90 billion, a PE ratio of 22.89, a P/E/G ratio of 1.19 and a beta of 1.26. Sensata Technologies has a 1-year low of $36.64 and a 1-year high of $65.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.98 and a quick ratio of 2.23.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.98%. Sensata Technologies’s dividend payout ratio (DPR) is presently 22.34%.

Insider Transactions at Sensata Technologies

In other news, Director Martha N. Sullivan sold 198,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $41.42, for a total value of $8,201,160.00. Following the sale, the director now directly owns 201,268 shares in the company, valued at approximately $8,336,520.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of Sensata Technologies by 125.4% in the 3rd quarter. IFP Advisors Inc now owns 453 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 252 shares during the period. Mariner LLC lifted its position in shares of Sensata Technologies by 1.5% in the 1st quarter. Mariner LLC now owns 17,405 shares of the scientific and technical instruments company’s stock worth $885,000 after purchasing an additional 261 shares during the period. Ledyard National Bank lifted its position in shares of Sensata Technologies by 3.7% in the 3rd quarter. Ledyard National Bank now owns 9,737 shares of the scientific and technical instruments company’s stock worth $363,000 after purchasing an additional 343 shares during the period. M&T Bank Corp lifted its position in shares of Sensata Technologies by 5.9% in the 3rd quarter. M&T Bank Corp now owns 6,250 shares of the scientific and technical instruments company’s stock worth $233,000 after purchasing an additional 350 shares during the period. Finally, Glenview Trust Co raised its stake in shares of Sensata Technologies by 3.3% during the 1st quarter. Glenview Trust Co now owns 10,949 shares of the scientific and technical instruments company’s stock worth $557,000 after acquiring an additional 352 shares in the last quarter. 98.58% of the stock is currently owned by institutional investors.

About Sensata Technologies

(Get Rating)

Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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