Sensata Technologies Holding (ST) Stock Rating Reaffirmed by Cowen and Company

Sensata Technologies Holding (NYSE:ST)‘s stock had its “hold” rating reiterated by investment analysts at Cowen and Company in a report issued on Sunday. They currently have a $45.00 price target on the scientific and technical instruments company’s stock. Cowen and Company’s target price points to a potential downside of 4.96% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. BMO Capital Markets set a $42.00 price objective on shares of Sensata Technologies Holding and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Barclays PLC reiterated an “overweight” rating and issued a $52.00 price objective on shares of Sensata Technologies Holding in a research note on Friday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Sensata Technologies Holding in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Sensata Technologies Holding from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective on shares of Sensata Technologies Holding in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $49.00.

Sensata Technologies Holding (NYSE ST) opened at 47.35 on Friday. Sensata Technologies Holding has a 52-week low of $35.10 and a 52-week high of $47.72. The company has a 50-day moving average of $46.60 and a 200 day moving average of $45.88. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 28.35 and a beta of 1.45.

Sensata Technologies Holding (NYSE:ST) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03. Sensata Technologies Holding had a net margin of 9.46% and a return on equity of 15.49%. The business had revenue of $839.90 million during the quarter, compared to analysts’ expectations of $835.09 million. During the same quarter in the previous year, the company earned $0.73 EPS. The business’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Sensata Technologies Holding will post $3.17 EPS for the current year.

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In other news, Director Thomas Wroe, Jr. sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $43.87, for a total value of $1,754,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 134,105 shares of company stock valued at $6,047,976 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. QCM Cayman Ltd. raised its position in shares of Sensata Technologies Holding by 1.4% in the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 74 shares in the last quarter. Huntington National Bank raised its position in shares of Sensata Technologies Holding by 6.0% in the 2nd quarter. Huntington National Bank now owns 2,885 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 164 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Sensata Technologies Holding by 15.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,950 shares of the scientific and technical instruments company’s stock valued at $216,000 after buying an additional 650 shares in the last quarter. Financial Counselors Inc. raised its position in shares of Sensata Technologies Holding by 11.4% in the 2nd quarter. Financial Counselors Inc. now owns 9,113 shares of the scientific and technical instruments company’s stock valued at $389,000 after buying an additional 931 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Sensata Technologies Holding by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,940 shares of the scientific and technical instruments company’s stock valued at $740,000 after buying an additional 976 shares in the last quarter.

About Sensata Technologies Holding

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.

Analyst Recommendations for Sensata Technologies Holding (NYSE:ST)

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