Wells Fargo & Company began coverage on shares of Sensata Technologies (NYSE:ST - Free Report) in a research report released on Friday, Marketbeat reports. The brokerage issued an equal weight rating and a $20.00 price objective on the scientific and technical instruments company's stock.
A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Oppenheimer lowered their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $33.33.
Get Our Latest Stock Analysis on ST
Sensata Technologies Stock Up 0.3 %
Shares of NYSE ST traded up $0.07 during mid-day trading on Friday, reaching $21.36. 1,161,795 shares of the company traded hands, compared to its average volume of 1,810,084. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The stock has a market cap of $3.19 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company's fifty day moving average is $24.56 and its two-hundred day moving average is $28.36. Sensata Technologies has a fifty-two week low of $17.32 and a fifty-two week high of $43.14.
Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, analysts expect that Sensata Technologies will post 3.21 earnings per share for the current year.
Sensata Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.25%. Sensata Technologies's dividend payout ratio is 57.14%.
Institutional Trading of Sensata Technologies
A number of hedge funds have recently modified their holdings of ST. Barclays PLC lifted its position in Sensata Technologies by 14.9% in the 3rd quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock valued at $2,788,000 after acquiring an additional 10,107 shares in the last quarter. Franklin Resources Inc. boosted its stake in Sensata Technologies by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock worth $418,000 after purchasing an additional 403 shares during the period. 272 Capital LP acquired a new position in Sensata Technologies in the 3rd quarter worth $292,000. JPMorgan Chase & Co. boosted its stake in Sensata Technologies by 66.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after purchasing an additional 264,334 shares during the period. Finally, Oak Thistle LLC boosted its stake in Sensata Technologies by 326.8% in the 4th quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company's stock worth $1,617,000 after purchasing an additional 45,182 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Sensata Technologies Company Profile
(
Get Free Report)
Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.
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