Sensata Technologies (NYSE:ST) Share Price Passes Above 200 Day Moving Average – Here’s Why

Sensata Technologies Holding N.V. (NYSE:ST)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.32 and traded as high as $45.26. Sensata Technologies shares last traded at $44.4320, with a volume of 1,519,442 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Truist Financial raised Sensata Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $58.00 in a report on Wednesday, May 13th. Wells Fargo & Company increased their price target on shares of Sensata Technologies from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings raised shares of Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group lifted their price objective on shares of Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Barclays downgraded shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $49.00 to $53.00 in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.60.

Sensata Technologies Price Performance

The firm has a market cap of $6.46 billion, a PE ratio of 143.33, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The stock has a 50 day simple moving average of $48.10 and a two-hundred day simple moving average of $40.32. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The firm 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%. Sell-side analysts expect that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. Sensata Technologies’s payout ratio is presently 154.84%.

Insider Buying and Selling

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the sale, the executive vice president owned 39,687 shares in the company, valued at approximately $1,881,163.80. This represents a 13.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in shares of 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 purchasing an additional 728 shares during the period. Root Financial Partners LLC grew its position in Sensata Technologies by 62.5% during the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 351 shares during the period. EFG International AG acquired a new stake in Sensata Technologies during the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC increased its holdings in 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 valued at $35,000 after buying an additional 836 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Sensata Technologies by 62.7% in the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 413 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.