Sensata Technologies (NYSE:ST) Hits New 1-Year High After Dividend Announcement

Sensata Technologies Holding N.V. (NYSE:ST) hit a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as $39.91 and last traded at $38.7440, with a volume of 1990969 shares. The stock had previously closed at $39.34.

The newly announced dividend which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Sensata Technologies’s dividend payout ratio is 252.63%.

Wall Street Analyst Weigh In

ST has been the topic of a number of research analyst reports. Bank of America upped their target price on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Barclays boosted their price target on Sensata Technologies from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their price target on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.80.

Sensata Technologies Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.78 and a current ratio of 2.57. The business has a 50-day moving average price of $35.96 and a 200 day moving average price of $33.90. The stock has a market capitalization of $5.63 billion, a P/E ratio of 203.35, a PEG ratio of 1.14 and a beta of 1.14.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $917.88 million for 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%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, sell-side analysts forecast that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Insider Transactions at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the transaction, the executive vice president directly owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 7,889 shares of company stock valued at $280,345. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Woodline Partners LP lifted its position in Sensata Technologies by 165.4% in the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after acquiring an additional 3,100,927 shares in the last quarter. Pzena Investment Management LLC lifted its position in Sensata Technologies by 380.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after acquiring an additional 2,778,918 shares in the last quarter. Norges Bank bought a new position in Sensata Technologies in the 4th quarter valued at approximately $62,966,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Sensata Technologies by 28.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock valued at $143,600,000 after acquiring an additional 961,457 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Sensata Technologies during the 2nd quarter valued at $21,786,000. 99.42% of the stock is owned by institutional investors.

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.