Sensata Technologies (NYSE:ST) Reaches New 12-Month High – Here’s What Happened

Shares of Sensata Technologies Holding N.V. (NYSE:ST) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.44 and last traded at $38.9740, with a volume of 34413 shares changing hands. The stock had previously closed at $38.69.

Analyst Upgrades and Downgrades

ST has been the topic of several research analyst reports. Oppenheimer lifted their price target on Sensata Technologies from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings upgraded Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Truist Financial lifted their price target on Sensata Technologies from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their target price on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.20.

Sensata Technologies Trading Up 0.7%

The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 205.08, a PEG ratio of 1.15 and a beta of 1.14. The company has a 50-day moving average price of $35.69 and a 200 day moving average price of $33.68. The company has a quick ratio of 1.78, a current ratio of 2.57 and a debt-to-equity ratio of 1.02.

Sensata Technologies (NYSE:ST) last issued its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $917.88 million during the quarter, compared to analysts’ expectations of $911.03 million. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.Sensata Technologies’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, research analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Sensata Technologies’s dividend payout ratio (DPR) is presently 252.63%.

Insider Transactions at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the sale, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 7,889 shares of company stock worth $280,345 over the last ninety days. 0.89% of the stock is currently owned by company insiders.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently bought and sold shares of ST. Smartleaf Asset Management LLC boosted its position in Sensata Technologies by 659.7% during the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 785 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Sensata Technologies by 700.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 728 shares in the last quarter. First Horizon Corp bought a new position in Sensata Technologies during the third quarter valued at about $29,000. EFG International AG bought a new position in Sensata Technologies during the fourth quarter valued at about $33,000. Finally, True Wealth Design LLC raised its holdings in Sensata Technologies by 62.6% during the third quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 437 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Company Profile

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.