Sensata Technologies (NYSE:ST) Sets New 1-Year High - Here's What Happened

Key Points

• Sensata reached a new 52-week high, trading as high as $42.75 (last $42.4650) on Tuesday with about 309,228 shares changing hands, while analysts have lifted price targets—UBS and Goldman to $48—leaving an average target of $43.10 and a consensus of 4 Buy / 6 Hold / 1 Sell.
• The company reported $0.86 EPS and $934.8 million in revenue for the most recent quarter, has a market cap of $6.23 billion and a high trailing PE of 138.16, suggesting a relatively rich valuation versus current earnings.
• Sensata declared a quarterly dividend of $0.12 (annualized $0.48, ~1.1% yield), but its payout ratio is an outsized 154.84%, indicating the dividend may be unsustainable relative to earnings.

Sensata Technologies Holding N.V. (NYSE:ST - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock 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

Several brokerages recently issued reports on ST. JPMorgan Chase & Co. upped their price target on Sensata Technologies from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, February 23rd. Wells Fargo & Company upped their price target on Sensata Technologies from $37.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 29th. UBS Group upped their price target on Sensata Technologies from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. The Goldman Sachs Group upped their price target on Sensata Technologies from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Robert W. Baird upped their price target on Sensata Technologies from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of "Hold" and an average target price of $43.10.

Sensata Technologies Stock Performance

The company has a 50-day simple moving average of $36.89 and a two-hundred day simple moving average of $34.68. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00. The firm has a market cap of $6.23 billion, a PE ratio of 138.16, a PEG ratio of 1.22 and a beta of 1.21.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The business had revenue of $934.80 million for the quarter. As a group, equities research analysts forecast that Sensata Technologies Holding N.V. will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 1.1%. Sensata Technologies's payout ratio is currently 154.84%.

Insider Activity at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 7,889 shares of company stock worth $280,345. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in Sensata Technologies by 700.0% in 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 acquiring an additional 728 shares during the period. Smartleaf Asset Management LLC raised its stake in Sensata Technologies by 659.7% in 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 acquiring an additional 785 shares during the period. Root Financial Partners LLC raised its stake in Sensata Technologies by 62.5% in 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 acquiring an additional 351 shares during the period. First Horizon Corp bought a new stake in Sensata Technologies in the 3rd quarter valued at about $29,000. Finally, EFG International AG bought a new stake in Sensata Technologies in 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.

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