Evercore ISI Boosts Sensata Technologies (NYSE:ST) Price Target to $44.00

Sensata Technologies (NYSE:ST) had its price objective raised by Evercore ISI from $36.00 to $44.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the scientific and technical instruments company’s stock.

A number of other equities research analysts have also recently weighed in on ST. JPMorgan Chase & Co. cut Sensata Technologies from a neutral rating to an underweight rating and decreased their price objective for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Stifel Nicolaus increased their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a hold rating in a research report on Tuesday. Truist Financial cut their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a hold rating on the stock in a report on Wednesday, February 7th. Oppenheimer upgraded Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Tuesday, January 30th. Finally, Jefferies Financial Group began coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $42.00.

Sensata Technologies Stock Up 1.7 %

NYSE:ST opened at $40.07 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.69. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $47.41. The company has a 50-day moving average of $35.49 and a 200 day moving average of $34.75. The firm has a market cap of $6.03 billion, a PE ratio of -364.24, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, research analysts anticipate that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. Sensata Technologies’s payout ratio is -436.32%.

Institutional Trading of Sensata Technologies

Large investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky purchased a new position in Sensata Technologies during the 3rd quarter valued at about $1,294,000. Olstein Capital Management L.P. increased its stake in Sensata Technologies by 11.4% during the 4th quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after buying an additional 35,000 shares during the period. Arnhold LLC acquired a new stake in Sensata Technologies during the 4th quarter worth approximately $9,865,000. Schroder Investment Management Group boosted its position in Sensata Technologies by 6.0% in the 3rd quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after buying an additional 166,584 shares during the period. Finally, Kempner Capital Management Inc. grew its stake in shares of Sensata Technologies by 99.8% in the fourth quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock worth $3,224,000 after acquiring an additional 42,867 shares in the last quarter. 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.