Sensata Technologies (NYSE:ST) has been given a $60.00 price target by research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 15.01% from the stock’s previous close.
A number of other research analysts have also issued reports on ST. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, August 29th. SunTrust Banks reiterated a “buy” rating and set a $53.00 target price on shares of Sensata Technologies in a research report on Thursday, October 12th. Oppenheimer reiterated a “buy” rating on shares of Sensata Technologies in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 target price on shares of Sensata Technologies in a research report on Thursday, October 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $55.00 target price on shares of Sensata Technologies in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.42.
Sensata Technologies (NYSE ST) traded down $0.25 during trading on Wednesday, reaching $52.17. The company’s stock had a trading volume of 1,366,417 shares, compared to its average volume of 1,310,607. The company has a current ratio of 2.76, a quick ratio of 2.04 and a debt-to-equity ratio of 1.49. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $53.30. The stock has a market cap of $8,849.17, a price-to-earnings ratio of 16.72, a PEG ratio of 1.62 and a beta of 1.46.
In other Sensata Technologies news, EVP Steven Beringhause sold 7,588 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total value of $388,353.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Cote sold 13,311 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total value of $652,638.33. The disclosure for this sale can be found here. Insiders sold a total of 87,588 shares of company stock worth $4,258,599 in the last 90 days. 1.00% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in ST. Morgan Stanley lifted its holdings in Sensata Technologies by 12.7% in the 1st quarter. Morgan Stanley now owns 71,485 shares of the scientific and technical instruments company’s stock valued at $3,122,000 after purchasing an additional 8,077 shares in the last quarter. Sei Investments Co. increased its stake in shares of Sensata Technologies by 12.1% in the 2nd quarter. Sei Investments Co. now owns 54,236 shares of the scientific and technical instruments company’s stock worth $2,317,000 after acquiring an additional 5,846 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Sensata Technologies by 36.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 648,991 shares of the scientific and technical instruments company’s stock worth $27,725,000 after acquiring an additional 173,769 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Sensata Technologies by 16.4% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,690 shares of the scientific and technical instruments company’s stock worth $1,268,000 after acquiring an additional 4,177 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Sensata Technologies in the 2nd quarter worth $7,016,000.
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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.
