Sensata Technologies (ST) Upgraded to Buy by Zacks Investment Research
Sensata Technologies (NYSE:ST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $57.00 price objective on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.01% from the company’s current price.
According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “
Other equities analysts have also issued reports about the stock. Cowen restated a “hold” rating on shares of Sensata Technologies in a research report on Thursday, December 14th. Morgan Stanley raised their target price on shares of Sensata Technologies from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Oppenheimer restated a “buy” rating on shares of Sensata Technologies in a research report on Tuesday, October 24th. BMO Capital Markets raised their target price on shares of Sensata Technologies from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. Finally, SunTrust Banks restated a “hold” rating and set a $54.00 target price on shares of Sensata Technologies in a research report on Friday, December 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sensata Technologies has a consensus rating of “Buy” and a consensus target price of $54.83.
Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. equities research analysts anticipate that Sensata Technologies will post 3.17 EPS for the current fiscal year.
In related news, EVP Jeffrey J. Cote sold 40,000 shares of Sensata Technologies stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $48.38, for a total value of $1,935,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven Beringhause sold 7,588 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total value of $388,353.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,588 shares of company stock worth $4,258,599. 1.00% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Skba Capital Management LLC acquired a new stake in Sensata Technologies in the third quarter valued at $201,000. Tredje AP fonden lifted its holdings in Sensata Technologies by 174.7% in the second quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after acquiring an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK acquired a new stake in Sensata Technologies in the second quarter valued at $206,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Sensata Technologies in the second quarter valued at $216,000. Finally, Saturna Capital CORP acquired a new stake in Sensata Technologies in the third quarter valued at $249,000.
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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.
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