UBS Group Increases Sensata Technologies (NYSE:ST) Price Target to $43.00

Key Points

• UBS Group raised its price target for Sensata Technologies from $41.00 to $43.00, suggesting a potential upside of 40.08% from the current price.
• The stock has received mixed ratings from analysts, with one sell rating, eight holds, and four buy ratings, resulting in a consensus rating of "Hold" and an average target price of $34.45.
• Sensata Technologies recently reported $0.87 EPS for the last quarter, exceeding analysts' expectations, but noted an 8.9% year-over-year decrease in revenue.

Sensata Technologies (NYSE:ST - Free Report) had its target price hoisted by UBS Group from $41.00 to $43.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the scientific and technical instruments company's stock.

Several other analysts also recently issued reports on ST. Robert W. Baird reduced their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of Sensata Technologies from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Bank of America lifted their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Trading Down 2.7%

Sensata Technologies stock traded down $0.82 during mid-day trading on Wednesday, hitting $29.94. 2,416,005 shares of the stock were exchanged, compared to its average volume of 1,661,979. The company has a quick ratio of 1.81, a current ratio of 2.71 and a debt-to-equity ratio of 1.11. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $39.04. The firm's fifty day simple moving average is $29.73 and its two-hundred day simple moving average is $26.86. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 1.19 and a beta of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $943.38 million during the quarter, compared to analyst estimates of $928.25 million. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.88%. Sensata Technologies's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Analysts forecast that Sensata Technologies will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. Sensata Technologies's dividend payout ratio (DPR) is presently 64.00%.

Insider Buying and Selling at Sensata Technologies

In related news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors have recently modified their holdings of ST. Vanguard Group Inc. boosted its position in Sensata Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,017,354 shares of the scientific and technical instruments company's stock worth $364,471,000 after purchasing an additional 465,878 shares during the last quarter. Janus Henderson Group PLC boosted its position in Sensata Technologies by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company's stock worth $267,621,000 after purchasing an additional 44,233 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Sensata Technologies by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,964,077 shares of the scientific and technical instruments company's stock worth $217,559,000 after purchasing an additional 1,142,649 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sensata Technologies by 14.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,639,888 shares of the scientific and technical instruments company's stock worth $161,152,000 after purchasing an additional 831,702 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Sensata Technologies by 4.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,479,997 shares of the scientific and technical instruments company's stock worth $133,000,000 after purchasing an additional 219,127 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other 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.