Sensata Technologies (NYSE:ST) Hits New 52-Week High – Here’s Why

Sensata Technologies Holding N.V. (NYSE:ST)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $36.25 and last traded at $35.81, with a volume of 347240 shares. The stock had previously closed at $35.58.

Analyst Ratings Changes

ST has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and set a $43.00 price target on shares of Sensata Technologies in a report on Wednesday, December 17th. Wells Fargo & Company increased their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sensata Technologies in a research note on Monday, December 29th. Barclays cut their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Evercore ISI set a $32.00 price objective on shares of Sensata Technologies in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.10.

Sensata Technologies Stock Down 1.5%

The company has a quick ratio of 2.10, a current ratio of 2.91 and a debt-to-equity ratio of 1.18. The stock has a market cap of $5.11 billion, a P/E ratio of -175.27, a P/E/G ratio of 1.31 and a beta of 1.16. The company’s 50 day moving average price is $34.14 and its two-hundred day moving average price is $32.32.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Sensata Technologies’s payout ratio is -240.00%.

Insiders Place Their Bets

In other news, Director Ali John Mirshekari sold 125,939 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $28.83, for a total transaction of $3,630,821.37. Following the transaction, the director owned 142,371 shares in the company, valued at approximately $4,104,555.93. This trade represents a 46.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David K. Stott sold 839 shares of Sensata Technologies stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $30.80, for a total value of $25,841.20. Following the completion of the sale, the executive vice president owned 35,444 shares of the company’s stock, valued at $1,091,675.20. The trade was a 2.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 269,149 shares of company stock worth $7,776,297 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Sensata Technologies

Several hedge funds have recently modified their holdings of ST. Inscription Capital LLC boosted its stake in Sensata Technologies by 1.4% in the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock valued at $930,000 after acquiring an additional 393 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Sensata Technologies by 3.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock valued at $335,000 after purchasing an additional 397 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sensata Technologies by 4.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company’s stock worth $285,000 after purchasing an additional 426 shares in the last quarter. True Wealth Design LLC grew its stake in Sensata Technologies by 62.6% during the 3rd quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 437 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in Sensata Technologies by 6.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,092 shares of the scientific and technical instruments company’s stock valued at $217,000 after buying an additional 438 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.