Sensata Technologies (NYSE:ST) Reaches New 52-Week High on Analyst Upgrade

Sensata Technologies Holding N.V. (NYSE:STGet Free Report)’s share price reached a new 52-week high during trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $48.00 to $60.00. The Goldman Sachs Group currently has a buy rating on the stock. Sensata Technologies traded as high as $49.81 and last traded at $49.59, with a volume of 49480 shares traded. The stock had previously closed at $48.59.

ST has been the topic of a number of other reports. Barclays increased their price target on shares of Sensata Technologies from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on shares of Sensata Technologies from $37.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Oppenheimer lifted their price target on Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Robert W. Baird increased their price target on Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.80.

View Our Latest Stock Analysis on ST

Insider Activity

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were 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. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the sale, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This trade represents a 13.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,728 shares of company stock worth $486,949. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caprock Group LLC purchased a new position in shares of Sensata Technologies in the 3rd quarter valued at about $1,566,000. First Citizens Bank & Trust Co. purchased a new position in shares of Sensata Technologies during the third quarter worth about $1,002,000. CWA Asset Management Group LLC purchased a new position in shares of Sensata Technologies during the fourth quarter worth approximately $1,133,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Sensata Technologies during the 3rd quarter valued at approximately $1,163,000. Finally, Dimensional Fund Advisors LP grew its position in Sensata Technologies by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,023,238 shares of the scientific and technical instruments company’s stock valued at $214,557,000 after buying an additional 150,013 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Price Performance

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 company has a market cap of $7.21 billion, a price-to-earnings ratio of 159.97, a PEG ratio of 1.40 and a beta of 1.21. The company has a 50-day simple moving average of $40.14 and a 200-day simple moving average of $36.25.

Sensata Technologies (NYSE:STGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS 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%. As a group, research analysts predict that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio (DPR) is 154.84%.

About Sensata Technologies

(Get Free Report)

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.

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