Sensata Technologies (NYSE:ST) Price Target Increased to $44.00 by Analysts at Evercore ISI

Sensata Technologies (NYSE:ST) had its price objective boosted by Evercore ISI from $36.00 to $44.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the scientific and technical instruments company’s stock.

A number of other equities research analysts also recently issued reports on ST. Truist Financial lowered their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a hold rating on the stock in a report on Wednesday, February 7th. Stifel Nicolaus upped their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a hold rating in a report on Tuesday. Bank of America lowered Sensata Technologies from a buy rating to a neutral rating and dropped their price objective for the company from $46.00 to $38.00 in a research note on Wednesday, February 7th. Oppenheimer raised shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price target for the company in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a hold rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $42.00.

Sensata Technologies Stock Up 7.0 %

ST stock opened at $38.28 on Tuesday. The stock has a fifty day moving average of $35.19 and a 200-day moving average of $34.66. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of -765.45, a PEG ratio of 0.85 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last released 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. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. Sensata Technologies’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. As a group, equities research analysts predict that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders 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 dividend yield of 1.25%. Sensata Technologies’s dividend payout ratio is currently -959.81%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its position in Sensata Technologies by 0.3% during the 1st quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after buying an additional 310 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Sensata Technologies by 1.2% during the first quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock valued at $952,000 after acquiring an additional 317 shares in the last quarter. Northwest Investment Counselors LLC raised its position in shares of Sensata Technologies by 1.1% in the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after purchasing an additional 320 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Sensata Technologies by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock worth $2,505,000 after purchasing an additional 340 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Sensata Technologies by 7.1% in the 3rd quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock worth $239,000 after purchasing an additional 421 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.