Sensata Technologies (NYSE:ST) Price Target Raised to $40.00 at Bank of America

Sensata Technologies (NYSE:ST) had its price target hoisted by equities research analysts at Bank of America from $37.00 to $40.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Bank of America‘s price objective indicates a potential upside of 10.62% from the company’s previous close.

ST has been the topic of several other reports. Oppenheimer restated an “outperform” rating and set a $43.00 price objective on shares of Sensata Technologies in a research note on Wednesday, December 17th. Wells Fargo & Company lifted their price target on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Evercore set a $32.00 price objective on Sensata Technologies in a research note on Wednesday, October 29th. Barclays reduced their target price on Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Sensata Technologies in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.90.

Sensata Technologies Price Performance

NYSE:ST opened at $36.16 on Friday. The stock has a market capitalization of $5.27 billion, a PE ratio of -180.79, a P/E/G ratio of 1.38 and a beta of 1.16. Sensata Technologies has a 1-year low of $17.32 and a 1-year high of $37.95. The firm has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $32.72. The company has a current ratio of 2.91, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18.

Insider Activity

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,496 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $37.53, for a total transaction of $93,674.88. Following the transaction, the executive vice president owned 64,040 shares in the company, valued at $2,403,421.20. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in Sensata Technologies by 16.5% in the 4th quarter. Invesco Ltd. now owns 349,544 shares of the scientific and technical instruments company’s stock valued at $11,636,000 after acquiring an additional 49,498 shares in the last quarter. Corient Private Wealth LLC raised its stake in Sensata Technologies by 374.3% in the fourth quarter. Corient Private Wealth LLC now owns 75,930 shares of the scientific and technical instruments company’s stock valued at $2,528,000 after purchasing an additional 59,921 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Sensata Technologies by 53.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,172 shares of the scientific and technical instruments company’s stock worth $938,000 after buying an additional 9,771 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Sensata Technologies by 45.4% in the 4th quarter. First Citizens Bank & Trust Co. now owns 47,700 shares of the scientific and technical instruments company’s stock valued at $1,588,000 after buying an additional 14,887 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $539,000. Institutional investors own 99.42% of the company’s stock.

About Sensata Technologies

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.