Insider Selling: Jeffrey J. Cote Sells 49,420 Shares of Sensata Tech Stock (ST)
Sensata Tech (NYSE:ST) CFO Jeffrey J. Cote unloaded 49,420 shares of Sensata Tech stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.50, for a total value of $1,952,090.00. Following the completion of the sale, the chief financial officer now directly owns 193,938 shares of the company’s stock, valued at approximately $7,660,551. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at RBC Capital raised their price target on shares of Sensata Tech from $40.00 to $45.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sensata Tech presently has a consensus rating of “Buy” and an average price target of $42.50.
Shares of Sensata Tech (NYSE:ST) traded up 0.10% during mid-day trading on Thursday, hitting $39.61. 1,613,125 shares of the company’s stock traded hands. Sensata Tech has a 1-year low of $30.80 and a 1-year high of $41.09. The stock’s 50-day moving average is $38.08 and its 200-day moving average is $38.10. The company has a market cap of $6.969 billion and a price-to-earnings ratio of 37.30.
Sensata Tech (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.04. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $496.23 million. During the same quarter last year, the company posted $0.47 earnings per share. Sensata Tech’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Sensata Tech will post $2.43 EPS for the current fiscal year.
Sensata Technologies Holding N.V. (NYSE:ST) is subsidiary of Sensata Investment Company S.
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