Sensata Technologies (NYSE:ST) Receives Equal Weight Rating from Barclays

Barclays reissued their equal weight rating on shares of Sensata Technologies (NYSE:ST) in a report released on Friday morning, Marketbeat reports. The brokerage currently has a $53.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $49.00.

ST has been the subject of a number of other reports. UBS Group raised their target price on Sensata Technologies from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price objective on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Oppenheimer lifted their price objective on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Bank of America lifted their price objective on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.20.

Sensata Technologies Stock Down 1.6%

Shares of ST stock opened at $49.57 on Friday. Sensata Technologies has a one year low of $25.44 and a one year high of $50.78. The stock has a market cap of $7.21 billion, a P/E ratio of 159.91, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The stock has a fifty day moving average price of $41.42 and a 200 day moving average price of $36.75. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The company had revenue of $934.80 million during the quarter. Analysts predict that Sensata Technologies will post 3.73 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, May 13th. Sensata Technologies’s payout ratio is presently 154.84%.

Insider Activity

In other news, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares in the company, valued at approximately $1,881,163.80. The trade was a 13.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,728 shares of company stock valued at $486,949 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Sensata Technologies by 5.7% during the 1st quarter. Bank of America Corp DE now owns 1,766,285 shares of the scientific and technical instruments company’s stock valued at $62,209,000 after purchasing an additional 95,874 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Sensata Technologies by 59.6% during the 1st quarter. Edgestream Partners L.P. now owns 48,453 shares of the scientific and technical instruments company’s stock valued at $1,707,000 after purchasing an additional 18,093 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sensata Technologies by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 10,402,517 shares of the scientific and technical instruments company’s stock valued at $366,376,000 after purchasing an additional 112,819 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Sensata Technologies during the 1st quarter valued at about $1,060,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Sensata Technologies by 48.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 711 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.