Sensata Technologies (NYSE:ST) Hits New 52-Week High – What’s Next?

Sensata Technologies Holding N.V. (NYSE:ST) reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.67 and last traded at $40.9690, with a volume of 2383525 shares. The stock had previously closed at $40.77.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Sensata Technologies from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, April 13th. UBS Group boosted their target price on shares of Sensata Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Truist Financial increased their price target on shares of Sensata Technologies from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Sensata Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.80.

Sensata Technologies Stock Performance

The stock has a market capitalization of $6.10 billion, a PE ratio of 220.37, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a quick ratio of 1.78, a current ratio of 2.57 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $36.42 and a 200-day moving average of $34.26.

Sensata Technologies (NYSE:ST) last released its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The firm had revenue of $917.88 million for the quarter, compared to analyst estimates of $911.03 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Sensata Technologies Holding N.V. will post 3.65 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is currently 252.63%.

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 completion of the transaction, the executive vice president directly owned 72,842 shares of the company’s stock, valued at $2,528,345.82. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 7,889 shares of company stock valued at $280,345 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Large investors have recently bought and sold shares of the stock. Inspire Investing LLC boosted its position in shares of Sensata Technologies by 4.2% in the 1st quarter. Inspire Investing LLC now owns 14,719 shares of the scientific and technical instruments company’s stock valued at $518,000 after purchasing an additional 595 shares during the period. Cornerstone Wealth Group LLC purchased a new stake in Sensata Technologies in the 1st quarter valued at $188,000. Pictet Asset Management Holding SA raised its position in Sensata Technologies by 6.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 23,460 shares of the scientific and technical instruments company’s stock valued at $826,000 after purchasing an additional 1,434 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Sensata Technologies by 1.0% during the 1st quarter. Sterling Capital Management LLC now owns 64,310 shares of the scientific and technical instruments company’s stock worth $2,265,000 after purchasing an additional 650 shares during the period. Finally, Foster & Motley Inc. grew its stake in shares of Sensata Technologies by 176.4% in the 1st quarter. Foster & Motley Inc. now owns 45,518 shares of the scientific and technical instruments company’s stock valued at $1,603,000 after purchasing an additional 29,052 shares during 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.