Wells Fargo & Company Increases Sensata Technologies (NYSE:ST) Price Target to $30.00

Sensata Technologies (NYSE:ST - Free Report) had its price objective upped by Wells Fargo & Company from $26.00 to $30.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company's stock.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen downgraded Sensata Technologies from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. UBS Group dropped their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group boosted their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Evercore ISI lowered shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $34.42.

Sensata Technologies Trading Up 0.4%

NYSE ST traded up $0.14 during mid-day trading on Tuesday, hitting $32.20. The company's stock had a trading volume of 914,125 shares, compared to its average volume of 1,672,189. The firm has a market capitalization of $4.71 billion, a P/E ratio of 39.75, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81. Sensata Technologies has a 52-week low of $17.32 and a 52-week high of $42.33. The stock's fifty day simple moving average is $26.56 and its two-hundred day simple moving average is $26.27.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. Sensata Technologies's dividend payout ratio is currently 59.26%.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich purchased 9,925 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the transaction, the director owned 41,117 shares of the company's stock, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company's stock.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently made changes to their positions in ST. Northwestern Mutual Wealth Management Co. boosted its stake in Sensata Technologies by 61.4% during the first 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 in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Sensata Technologies in the 4th quarter valued at about $27,000. Signaturefd LLC boosted its position in shares of Sensata Technologies by 515.5% during the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 933 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Sensata Technologies in the 1st quarter worth approximately $27,000. Finally, Brooklyn Investment Group raised its holdings in shares of Sensata Technologies by 1,575.0% in the 1st 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 in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.