Sensata Technologies (NYSE:ST) EVP Sells $300,279.00 in Stock

Sensata Technologies Holding N.V. (NYSE:ST) EVP David Stott sold 6,335 shares of Sensata Technologies stock in a transaction dated Wednesday, May 20th. The stock was 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 directly owned 39,687 shares in the company, valued at $1,881,163.80. This trade represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sensata Technologies Trading Up 0.1%

Shares of ST stock opened at $48.65 on Monday. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 156.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Sensata Technologies Holding N.V. has a 12-month low of $24.69 and a 12-month high of $49.36. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average price is $39.86 and its 200-day moving average price is $36.13.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The company had revenue of $934.80 million during the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. Equities research analysts predict that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

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

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ST. Smartleaf Asset Management LLC raised its holdings in shares of Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 785 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Sensata Technologies by 700.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 728 shares during the period. Root Financial Partners LLC raised its holdings in shares of Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 351 shares during the period. EFG International AG purchased a new stake in shares of Sensata Technologies in the fourth quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sensata Technologies by 244.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 836 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ST shares. Wall Street Zen lowered Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group lifted their price target on Sensata Technologies from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer lifted their price target on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on Sensata Technologies from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Finally, Truist Financial upgraded Sensata Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.60.

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.