Sensata Technologies (NYSE:ST) Stock Price Expected to Rise, UBS Group Analyst Says

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 price objective raised by UBS Group from $41.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company's stock.

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

Sensata Technologies Stock Performance

Shares of ST traded down $0.82 during midday trading on Wednesday, reaching $29.94. The stock had a trading volume of 2,416,005 shares, compared to its average volume of 1,661,979. The firm has a market cap of $4.36 billion, a PE ratio of 39.92, a P/E/G ratio of 1.22 and a beta of 1.13. The firm has a 50 day simple moving average of $29.73 and a 200-day simple moving average of $26.87. Sensata Technologies has a one year low of $17.32 and a one year high of $39.04. The company has a current ratio of 2.71, a quick ratio of 1.81 and a debt-to-equity ratio of 1.11.

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

Sensata Technologies Announces Dividend

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

Insider Buying and Selling at Sensata Technologies

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Sensata Technologies by 96.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after purchasing an additional 2,587,183 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Sensata Technologies by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock valued at $214,308,000 after acquiring an additional 2,088,161 shares during the last quarter. Norges Bank acquired a new position in shares of Sensata Technologies during the fourth quarter worth $48,580,000. Woodline Partners LP lifted its holdings in shares of Sensata Technologies by 65.2% during the fourth quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock worth $62,412,000 after purchasing an additional 898,835 shares during the period. Finally, Eminence Capital LP grew its stake in shares of Sensata Technologies by 25.2% in the fourth quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock worth $118,333,000 after purchasing an additional 870,419 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

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.