Wells Fargo & Company Begins Coverage on Sensata Technologies (NYSE:ST)

Wells Fargo & Company initiated coverage on shares of Sensata Technologies (NYSE:ST - Free Report) in a research report released on Friday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $20.00 target price on the scientific and technical instruments company's stock.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and dropped their target price for the company from $31.00 to $27.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird dropped their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Oppenheimer dropped their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Sensata Technologies has an average rating of "Hold" and an average price target of $33.33.

Sensata Technologies Price Performance

Shares of ST traded down $0.39 during trading hours on Friday, reaching $20.98. The company had a trading volume of 232,400 shares, compared to its average volume of 1,800,754. The company has a current ratio of 2.85, a quick ratio of 1.99 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 $43.14. The firm has a 50 day simple moving average of $24.21 and a 200-day simple moving average of $28.21. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Research analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 2.29%. Sensata Technologies's payout ratio is currently 57.14%.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Regents Gate Capital LLP purchased a new stake in shares of Sensata Technologies during the 1st quarter valued at $3,051,000. M&T Bank Corp purchased a new stake in shares of Sensata Technologies during the 1st quarter valued at $397,000. Brown Advisory Inc. grew its stake in shares of Sensata Technologies by 3.1% during the 1st quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company's stock valued at $33,891,000 after buying an additional 42,423 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Sensata Technologies by 184.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company's stock valued at $1,200,000 after buying an additional 32,084 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Sensata Technologies by 18.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 694,814 shares of the scientific and technical instruments company's stock valued at $16,863,000 after buying an additional 107,001 shares during the period. 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.