Sensata Technologies (NYSE:ST) Price Target Raised to $35.00

Key Points

• Truist Financial has raised its price target for Sensata Technologies from $27.00 to $35.00, indicating a potential upside of 12.74% from the company's previous close.
• Currently, the average rating for Sensata Technologies' stock is "Hold," with an average target price of $34.64, according to several analysts.
• Despite recent positive outlooks from some firms, Sensata's stock has seen a 4.5% decline in trading on Wednesday, falling to $31.05.

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective upped by stock analysts at Truist Financial from $27.00 to $35.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the scientific and technical instruments company's stock. Truist Financial's price objective points to a potential upside of 16.90% from the company's previous close.

Several other equities research analysts have also issued reports on the stock. Evercore ISI raised their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a research note on Wednesday. Wall Street Zen cut shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. The Goldman Sachs Group lifted 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. Bank of America upped their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Price Performance

Shares of NYSE:ST traded down $0.82 during trading on Wednesday, hitting $29.94. 2,416,005 shares of the company were exchanged, compared to its average volume of 1,661,979. The business's 50 day moving average is $29.73 and its 200-day moving average is $26.86. The company has a market capitalization of $4.36 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. 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 1-year low of $17.32 and a 1-year high of $39.04.

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

Insiders Place Their Bets

In related news, Director Andrew C. Teich acquired 9,925 shares of the business's stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $25.19 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Sensata Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 15,017,354 shares of the scientific and technical instruments company's stock valued at $364,471,000 after purchasing an additional 465,878 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Sensata Technologies by 0.5% in the 4th 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 acquiring an additional 44,233 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Sensata Technologies by 14.6% in the 1st 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 acquiring an additional 1,142,649 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Sensata Technologies by 14.3% in the 1st 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 acquiring an additional 831,702 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Sensata Technologies by 4.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,479,997 shares of the scientific and technical instruments company's stock valued at $133,000,000 after purchasing an additional 219,127 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

About Sensata Technologies

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.