Sensata Technologies (NYSE:ST) Price Target Raised to $33.00

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 target lifted 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 brokerages have also commented on ST. The Goldman Sachs Group upped their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price target on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Robert W. Baird reduced their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Evercore ISI increased their price target on Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Finally, UBS Group increased their price target on Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. One 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's stock. According to data from MarketBeat, Sensata Technologies has an average rating of "Hold" and a consensus price target of $34.64.

Sensata Technologies Trading Down 2.7%

Shares of ST opened at $29.94 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $29.73 and a 200-day simple moving average of $26.85. The stock has a market cap of $4.36 billion, a PE ratio of 39.92, a PEG ratio of 1.18 and a beta of 1.14. 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 announced its quarterly earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. The firm had revenue of $943.38 million for the quarter, compared to the consensus estimate of $928.25 million. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. The business's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, sell-side analysts predict that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 annualized dividend and a yield of 1.6%. Sensata Technologies's dividend payout ratio (DPR) is 64.00%.

Insiders Place Their Bets

In related news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction on Friday, May 23rd. The shares were acquired 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 approximately $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company's stock.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Sensata Technologies by 96.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after purchasing an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Sensata Technologies by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after purchasing an additional 2,088,161 shares during the period. Norges Bank bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $48,580,000. Woodline Partners LP raised its holdings in shares of Sensata Technologies by 65.2% in the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock worth $62,412,000 after purchasing an additional 898,835 shares during the period. Finally, Eminence Capital LP raised its holdings in shares of Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock worth $118,333,000 after purchasing an additional 870,419 shares during the period. Institutional investors 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.