Sensata Technologies (NYSE:ST) Reaches New 12-Month High Following Dividend Announcement

Sensata Technologies Holding N.V. (NYSE:ST) shares reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $39.91 and last traded at $38.7440, with a volume of 1990969 shares trading hands. The stock had previously closed at $39.34.

The newly announced dividend which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Sensata Technologies’s payout ratio is currently 252.63%.

Analysts Set New Price Targets

A number of research firms recently commented on ST. UBS Group lifted their price target on shares of Sensata Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer boosted their target price on Sensata Technologies from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Barclays boosted their target price on Sensata Technologies from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday. Wall Street Zen upgraded Sensata Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Finally, Wells Fargo & Company boosted their price objective on Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. 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 stock. According to data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average price target of $40.80.

Sensata Technologies Stock Performance

The company has a market capitalization of $5.65 billion, a PE ratio of 203.93, a PEG ratio of 1.16 and a beta of 1.14. The company has a current ratio of 2.57, a quick ratio of 1.78 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $35.89 and its 200-day simple moving average is $33.87.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $917.88 million during the quarter, compared to analysts’ expectations of $911.03 million. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. On average, research analysts predict that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.

Insider Activity

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 7,889 shares of company stock valued at $280,345 in the last ninety days. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Sensata Technologies by 20.5% in the fourth quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 286 shares during the period. Inscription Capital LLC lifted its position in shares of Sensata Technologies by 1.4% in the 4th quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock worth $930,000 after purchasing an additional 393 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Sensata Technologies by 3.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock worth $335,000 after purchasing an additional 397 shares during the period. Parallel Advisors LLC lifted its position in shares of Sensata Technologies by 62.7% in the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 413 shares during the period. Finally, PNC Financial Services Group Inc. lifted 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 during the period. 99.42% of the stock is currently owned by hedge funds and other 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.