Sensata Technologies (NYSE:ST) had its price target hoisted by analysts at Stifel Nicolaus from $55.00 to $60.00 in a report issued on Wednesday. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.14% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price objective on shares of Sensata Technologies in a research note on Wednesday. Zacks Investment Research cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Cowen reissued a “hold” rating and issued a $45.00 price objective on shares of Sensata Technologies in a research note on Sunday, September 17th. Finally, Oppenheimer reissued a “buy” rating on shares of Sensata Technologies in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.11.
Sensata Technologies (NYSE:ST) opened at $51.66 on Wednesday. The firm has a market cap of $8,205.10, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.51 and a beta of 1.46. Sensata Technologies has a 52 week low of $38.71 and a 52 week high of $51.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.04 and a current ratio of 2.76.
In other news, Director Paul B. Edgerley purchased 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $47.47 per share, with a total value of $9,494,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey J. Cote sold 26,689 shares of Sensata Technologies stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $48.05, for a total transaction of $1,282,406.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,000 shares of company stock valued at $3,870,245. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ST. BlueMountain Capital Management LLC bought a new stake in shares of Sensata Technologies in the 1st quarter valued at about $103,000. Huntington National Bank raised its holdings in shares of Sensata Technologies by 37.2% in the 1st quarter. Huntington National Bank now owns 2,721 shares of the scientific and technical instruments company’s stock valued at $119,000 after purchasing an additional 738 shares in the last quarter. Ledyard National Bank raised its holdings in shares of Sensata Technologies by 77.8% in the 3rd quarter. Ledyard National Bank now owns 3,520 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 1,540 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Sensata Technologies by 227.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the scientific and technical instruments company’s stock valued at $126,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Tredje AP fonden raised its holdings in shares of Sensata Technologies by 50.1% in the 4th quarter. Tredje AP fonden now owns 3,753 shares of the scientific and technical instruments company’s stock valued at $146,000 after purchasing an additional 1,253 shares in the last quarter.
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Sensata Technologies Company Profile
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.
