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

Key Points

• Sensata Technologies' stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating a positive outlook for the company's shares.
• Several financial institutions, including Truist Financial and Wells Fargo, have raised their price targets for Sensata Technologies, with the consensus target now set at $34.64.
• In the latest earnings report, Sensata Technologies beat analysts' expectations with an earnings per share of $0.87, despite a 8.9% decline in revenue compared to the prior year.

Sensata Technologies (NYSE:ST - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other brokerages have also recently commented on ST. UBS Group increased their price target on Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Bank of America raised their price objective on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Truist Financial raised their price objective on Sensata Technologies from $27.00 to $35.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies presently has a consensus rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Trading Down 0.2%

Shares of Sensata Technologies stock traded down $0.07 during trading hours on Friday, hitting $30.08. The company's stock had a trading volume of 631,910 shares, compared to its average volume of 1,791,176. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $39.04. The stock has a 50 day moving average of $29.83 and a 200 day moving average of $26.86. The company has a market capitalization of $4.38 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.71 and a quick ratio of 1.94.

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

Insider Buying and Selling

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of the stock in a transaction 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 completion of the acquisition, the director owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.89% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Sensata Technologies during the fourth quarter valued at $48,580,000. Principal Financial Group Inc. lifted its stake in Sensata Technologies by 0.5% during the first quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company's stock worth $8,356,000 after purchasing an additional 1,578 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Sensata Technologies by 184.8% during the first quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company's stock worth $1,200,000 after purchasing an additional 32,084 shares during the last quarter. Brown Advisory Inc. lifted its stake in Sensata Technologies by 3.1% during the first quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company's stock worth $33,891,000 after purchasing an additional 42,423 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Sensata Technologies by 19.4% during the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock worth $8,937,000 after purchasing an additional 53,034 shares during 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.