Wells Fargo & Company Issues Positive Forecast for Sensata Technologies (NYSE:ST) Stock Price

Key Points

• Wells Fargo & Company raised its price target for Sensata Technologies (NYSE:ST) from $30.00 to $33.00, indicating a potential upside of 7.22% from the stock's current value.
• Despite the positive outlook from Wells Fargo, other analysts have mixed ratings on the stock, with a total of one sell rating, eight hold ratings, and four buy ratings.
• Sensata Technologies reported a quarterly earnings beat with $0.87 EPS against the consensus estimate of $0.84, but its revenue decreased by 8.9% year-over-year.

Sensata Technologies (NYSE:ST - Free Report) had its price objective upped by Wells Fargo & Company from $30.00 to $33.00 in a research report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the scientific and technical instruments company's stock.

A number of other equities analysts have also weighed in on ST. UBS Group lifted their price objective on shares of Sensata Technologies from $34.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Evercore ISI lifted their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Sensata Technologies from $23.00 to $32.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Finally, Bank of America boosted their target price on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $34.64.

Sensata Technologies Stock Down 3.4%

NYSE:ST traded down $1.05 during mid-day trading on Wednesday, hitting $29.71. The stock had a trading volume of 586,101 shares, compared to its average volume of 1,784,565. 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 has a twelve month low of $17.32 and a twelve month high of $39.04. The stock has a 50-day simple moving average of $29.64 and a two-hundred day simple moving average of $26.86. The company has a market capitalization of $4.33 billion, a PE ratio of 39.59, a PEG ratio of 1.30 and a beta of 1.13.

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

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is currently 59.26%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director owned 41,117 shares in the company, valued at $1,035,737.23. This represents a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ST. Envestnet Asset Management Inc. raised its position in shares of Sensata Technologies by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 707,918 shares of the scientific and technical instruments company's stock valued at $21,315,000 after acquiring an additional 13,104 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Sensata Technologies by 12.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 73,774 shares of the scientific and technical instruments company's stock valued at $2,221,000 after purchasing an additional 8,153 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Sensata Technologies in the 2nd quarter valued at $353,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Sensata Technologies during the 2nd quarter worth about $2,713,000. Finally, Allianz Asset Management GmbH boosted its position in Sensata Technologies by 45.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 732,415 shares of the scientific and technical instruments company's stock worth $22,053,000 after acquiring an additional 230,157 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.