Sensata Technologies (NYSE:ST) Stock Price Expected to Rise, Bank of America Analyst Says

Sensata Technologies (NYSE:ST - Free Report) had its price target increased by Bank of America from $27.00 to $32.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the scientific and technical instruments company's stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on Sensata Technologies from $26.00 to $30.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. UBS Group upped their price target on Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price target for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group increased their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sensata Technologies has an average rating of "Hold" and a consensus target price of $35.50.

Sensata Technologies Trading Down 0.2%

NYSE:ST traded down $0.07 on Wednesday, reaching $31.44. 229,445 shares of the company's stock were exchanged, compared to its average volume of 1,647,461. Sensata Technologies has a 52-week low of $17.32 and a 52-week high of $42.29. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 1.31 and a beta of 1.13. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $28.59 and a 200-day moving average of $26.55.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The business had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. During the same period in the previous year, the company posted $0.89 earnings per share. The business's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. Sensata Technologies's payout ratio is 59.26%.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich purchased 9,925 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director owned 41,117 shares in the company, valued at approximately $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently bought and sold shares of ST. Sound Income Strategies LLC grew its position in shares of Sensata Technologies by 5.3% in the 2nd quarter. Sound Income Strategies LLC now owns 94,049 shares of the scientific and technical instruments company's stock worth $2,832,000 after acquiring an additional 4,716 shares in the last quarter. Oliver Luxxe Assets LLC bought a new stake in Sensata Technologies in the second quarter valued at $1,775,000. GAMMA Investing LLC lifted its stake in Sensata Technologies by 214.9% in the second quarter. GAMMA Investing LLC now owns 9,202 shares of the scientific and technical instruments company's stock valued at $277,000 after buying an additional 6,280 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Sensata Technologies by 5.1% in the second quarter. Park Avenue Securities LLC now owns 14,315 shares of the scientific and technical instruments company's stock valued at $431,000 after buying an additional 690 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Sensata Technologies by 10.6% in the second quarter. Wedge Capital Management L L P NC now owns 119,554 shares of the scientific and technical instruments company's stock valued at $3,600,000 after buying an additional 11,437 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

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.