Vertical Research Initiates Coverage on Sensata Technologies (NYSE:ST)

Vertical Research started coverage on shares of Sensata Technologies (NYSE:ST) in a research note released on Tuesday, MarketBeat reports. The firm issued a buy rating and a $55.00 target price on the scientific and technical instruments company’s stock.

ST has been the topic of several other research reports. Stifel Nicolaus boosted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Truist Financial upped their target price on Sensata Technologies from $36.00 to $46.00 and gave the company a hold rating in a report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a hold rating and a $40.00 target price on the stock. Robert W. Baird upped their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a neutral rating in a report on Tuesday, April 30th. Finally, The Goldman Sachs Group reiterated a neutral rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of Hold and a consensus target price of $44.90.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $37.25 on Tuesday. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $39.58 and its two-hundred day moving average price is $37.12. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Equities research analysts expect that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. Sensata Technologies’s payout ratio is -436.32%.

Insider Activity at Sensata Technologies

In other news, Director Ali John Mirshekari purchased 73,137 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sensata Technologies

Large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in Sensata Technologies during the fourth quarter worth approximately $2,529,000. Olstein Capital Management L.P. boosted its position in Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after purchasing an additional 35,000 shares during the period. Natixis Advisors L.P. boosted its position in Sensata Technologies by 39.0% during the fourth quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company’s stock worth $8,829,000 after purchasing an additional 65,911 shares during the period. Foundry Partners LLC lifted its holdings in shares of Sensata Technologies by 11.8% during the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after buying an additional 12,708 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Sensata Technologies by 178.4% during the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after buying an additional 235,170 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

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.