Sensata Technologies (NYSE:ST) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Sensata Technologies Holding N.V. (NYSE:ST)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $41.77 and traded as high as $42.38. Sensata Technologies shares last traded at $42.30, with a volume of 1,976,437 shares.

Sensata Technologies News Summary

Here are the key news stories impacting Sensata Technologies this week:

• Positive Sentiment: Strong quarterly results, including better-than-expected earnings and revenue, reinforce the investment case and suggest continued operating momentum. Sensata Q3 earnings beat
• Positive Sentiment: Barclays raised its price target from $55 to $56 and maintained an “overweight” rating, implying substantial upside from the referenced share price. Barclays raises Sensata price target
• Positive Sentiment: The stock moved above its 200-day moving average, a technical development that can attract momentum-oriented investors and signal improving sentiment. Sensata crosses above 200-day moving average
• Positive Sentiment: UBS and Truist reduced their price targets modestly but retained bullish “buy” ratings at $51 and $57, respectively, indicating that analysts still see meaningful upside despite more cautious valuation assumptions. Truist adjusts Sensata price target
• Neutral Sentiment: Sensata issued fourth-quarter earnings guidance. Investors will focus on whether the outlook supports the recent earnings momentum and justifies the premium valuation. Sensata fourth-quarter guidance
• Neutral Sentiment: Zacks highlighted ST as a strong value stock, potentially broadening investor interest, although the company’s elevated reported price-to-earnings ratio may limit the impact of that argument. Zacks value-stock analysis

Analysts Set New Price Targets

ST has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Oppenheimer increased their price target on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays lifted their price objective on shares of Sensata Technologies from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group lowered their price objective on shares of Sensata Technologies from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Truist Financial lowered their price objective on shares of Sensata Technologies from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $50.33.

Sensata Technologies Price Performance

The company has a current ratio of 2.29, a quick ratio of 1.58 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $6.02 billion, a P/E ratio of 68.91, a P/E/G ratio of 1.22 and a beta of 1.25. The company has a 50 day moving average price of $41.95 and a 200 day moving average price of $41.79.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Sensata Technologies had a return on equity of 18.68% and a net margin of 2.37%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.97 million. During the same quarter in the prior year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts predict that Sensata Technologies Holding N.V. will post 3.77 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 10th. Sensata Technologies’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Sensata Technologies by 1.1% during the first quarter. Janus Henderson Group PLC now owns 10,402,517 shares of the scientific and technical instruments company’s stock worth $366,376,000 after acquiring an additional 112,819 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Sensata Technologies by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company’s stock worth $260,302,000 after purchasing an additional 125,127 shares during the period. Quantinno Capital Management LP increased its stake in shares of Sensata Technologies by 45.5% during the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock worth $84,601,000 after purchasing an additional 750,646 shares during the period. Bank of America Corp DE lifted its holdings in Sensata Technologies by 5.7% during the 1st quarter. Bank of America Corp DE now owns 1,766,285 shares of the scientific and technical instruments company’s stock worth $62,209,000 after purchasing an additional 95,874 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Sensata Technologies by 29.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,356,087 shares of the scientific and technical instruments company’s stock worth $47,761,000 after purchasing an additional 311,424 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.