Sensata Technologies (NYSE:ST) had its price target lifted by equities researchers at BMO Capital Markets from $45.00 to $47.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “market perform” rating on the scientific and technical instruments company’s stock. BMO Capital Markets’ price objective points to a potential downside of 9.02% from the company’s current price.
A number of other analysts have also weighed in on ST. Zacks Investment Research lowered shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Cowen reiterated a “hold” rating and set a $45.00 target price on shares of Sensata Technologies in a report on Sunday, September 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.67.
Shares of Sensata Technologies (NYSE:ST) traded up $3.76 during mid-day trading on Wednesday, hitting $51.66. The company had a trading volume of 4,496,100 shares, compared to its average volume of 1,306,982. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. Sensata Technologies has a one year low of $38.71 and a one year high of $51.87. The stock has a market capitalization of $8,205.10, a P/E ratio of 15.50, a PEG ratio of 1.51 and a beta of 1.46.
In other Sensata Technologies news, Director Paul B. Edgerley purchased 200,000 shares of Sensata Technologies stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total transaction of $652,638.33. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock valued at $3,870,245 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Taylor Cottrill Erickson & Associates Inc. lifted its holdings in shares of Sensata Technologies by 25.8% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock worth $1,167,000 after acquiring an additional 4,975 shares during the period. Swiss National Bank lifted its holdings in Sensata Technologies by 1.2% in the 3rd quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock worth $30,296,000 after purchasing an additional 7,700 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in Sensata Technologies in the 2nd quarter worth approximately $7,549,000. British Airways Pensions Investment Management Ltd bought a new position in Sensata Technologies in the 3rd quarter worth approximately $15,458,000. Finally, Rhumbline Advisers bought a new stake in shares of Sensata Technologies during the second quarter valued at approximately $7,016,000.
About Sensata Technologies
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
