Sensata Technologies (NYSE:ST) Upgraded to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Sensata Technologies (NYSE:ST - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities analysts have also commented on the company. Evercore ISI lowered Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. UBS Group dropped their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Oppenheimer decreased their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price target on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $34.08.

Sensata Technologies Stock Performance

Shares of NYSE:ST traded up $0.36 during midday trading on Friday, reaching $26.56. 799,052 shares of the company's stock traded hands, compared to its average volume of 1,706,123. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 1.25 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. Sensata Technologies has a one year low of $17.32 and a one year high of $42.60. The stock has a 50 day moving average of $22.96 and a 200 day moving average of $26.84.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sensata Technologies's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, equities research analysts anticipate that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. Sensata Technologies's dividend payout ratio is presently 59.26%.

Institutional Trading of Sensata Technologies

A number of large investors have recently added to or reduced their stakes in ST. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $25,000 after buying an additional 394 shares in the last quarter. Blue Trust Inc. boosted its stake in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies in the 4th quarter worth approximately $27,000. Signaturefd LLC boosted its stake in Sensata Technologies by 515.5% in the 1st 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 period. Finally, National Bank of Canada FI acquired a new position in Sensata Technologies in the 1st quarter worth approximately $27,000. 99.42% of the stock is currently owned by 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.