Sensata Technologies Holding N.V. (ST) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 38 from a previous price target of $40 . RBC Capital Mkts advised their investors in a research report released on Jul 1, 2016.
On the company’s financial health, Sensata Technologies Holding N.V. reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.64. The company had revenue of $796.50 million for the quarter, compared to analysts expectations of $791.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Sensata Technologies Holding N.V. opened for trading at $34.35 and hit $34.35 on the upside on Wednesday, eventually ending the session at $34.16, with a gain of 2.55% or 0.85 points. The heightened volatility saw the trading volume jump to 20,19,508 shares. Company has a market cap of $5,826 M.
In a different news, on May 2, 2016, Martha N. Sullivan (President and CEO) sold 120,287 shares at $38.56 per share price. According to the SEC, on Nov 18, 2015, Martin J Carter (SVP, Sensing Solutions) sold 66,000 shares at $43.87 per share price. On Nov 4, 2015, Geert Braaksma (Vice President Global HVOR) sold 54,874 shares at $49.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Sensata Technologies Holding N.V. is a global industrial technology company. The Company is engaged in the development manufacture and sale of sensors and controls. The Company’s operating segments include Sensors segment and Controls segment. The Company produce sensors and controls for applications such as thermal circuit breakers in aircraft pressure sensors in automotive systems and bimetal current and temperature control devices in electric motors. The Company’s sensors are customized devices that translate a physical phenomenon such as force or position into electronic signals that microprocessors or computer-based control systems can act upon. Its controls are customized devices embedded within systems to protect them from heat or current. The Company’s products include low- medium- and high-pressure sensors temperature sensors speed sensors position sensors force sensors motor protectors and thermal and magnetic-hydraulic circuit breakers and switches.