Evercore ISI Issues Positive Forecast for Sensata Technologies (NYSE:ST) Stock Price

Key Points

• Evercore ISI raised its target price for Sensata Technologies' stock from $27.00 to $30.00, maintaining an "in-line" rating, which suggests a potential downside of 3.45% from its previous close.
• Goldman Sachs and JPMorgan Chase have also increased their price targets for the stock, with Goldman Sachs setting a new target at $30.00 and JPMorgan at $32.00, while the average price target across analysts is $34.00.
• Sensata Technologies reported earnings of $0.87 per share for the last quarter, exceeding estimates, though revenue declined by 8.9% year-over-year, highlighting mixed performance in its financial results.

Sensata Technologies (NYSE:ST - Free Report) had its price objective lifted by Evercore ISI from $27.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the scientific and technical instruments company's stock.

ST has been the topic of a number of other reports. UBS Group lifted their price objective on shares of Sensata Technologies from $34.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Bank of America boosted their target price on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird reduced their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $34.64.

Sensata Technologies Stock Performance

Shares of ST traded down $0.82 during mid-day trading on Wednesday, reaching $29.94. 2,416,005 shares of the company's stock were exchanged, compared to its average volume of 1,782,779. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.71 and a quick ratio of 1.94. The stock has a market capitalization of $4.36 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. The business's fifty day simple moving average is $29.73 and its 200-day simple moving average is $26.85. Sensata Technologies has a 52-week low of $17.32 and a 52-week high of $39.04.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.88%. The business had revenue of $943.38 million for the quarter, compared to analyst estimates of $928.25 million. During the same period last year, the firm posted $0.93 earnings per share. The company's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is 64.00%.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the completion of the transaction, the director directly owned 41,117 shares of the company's stock, valued at $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company's stock.

Institutional Trading of Sensata Technologies

Several large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sensata Technologies by 61.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,036 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 394 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Sensata Technologies during the 4th quarter valued at approximately $27,000. Signaturefd LLC lifted its stake in Sensata Technologies by 515.5% during the first quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 933 shares during the last quarter. National Bank of Canada FI bought a new position in Sensata Technologies during the first quarter worth $27,000. Finally, Brooklyn Investment Group lifted its stake in Sensata Technologies by 1,575.0% during the first quarter. Brooklyn Investment Group now owns 1,273 shares of the scientific and technical instruments company's stock worth $31,000 after purchasing an additional 1,197 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.