Sensata Technologies (NYSE:ST) Sets New 1-Year High – Here’s What Happened
by Scott Moore · The Cerbat GemSensata Technologies Holding N.V. (NYSE:ST – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.75 and last traded at $42.4650, with a volume of 309228 shares changing hands. The stock had previously closed at $41.13.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on ST shares. Truist Financial boosted their price objective on Sensata Technologies from $38.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, February 23rd. Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Bank of America increased their price objective on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Wells Fargo & Company increased their price objective on Sensata Technologies from $37.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.10.
Check Out Our Latest Stock Report on Sensata Technologies
Sensata Technologies Price Performance
The firm has a market capitalization of $6.23 billion, a P/E ratio of 138.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.21. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. The business has a 50 day simple moving average of $36.89 and a two-hundred day simple moving average of $34.68.
Sensata Technologies (NYSE:ST – Get Free Report) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The business had revenue of $934.80 million for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, sell-side analysts expect that Sensata Technologies Holding N.V. will post 3.72 EPS for the current fiscal year.
Sensata Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is currently 154.84%.
Insiders Place Their Bets
In other news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the transaction, the executive vice president directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 7,889 shares of company stock valued at $280,345. 0.89% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Sensata Technologies
Institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Sensata Technologies by 659.7% during the 3rd 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. Root Financial Partners LLC increased its position in shares of Sensata Technologies by 62.5% during the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 351 shares during the last quarter. First Horizon Corp bought a new position in shares of Sensata Technologies during the 3rd quarter valued at about $29,000. Finally, EFG International AG bought a new position in shares of Sensata Technologies during the 4th quarter valued at about $33,000. 99.42% of the stock is currently 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.