Principal Financial Group Inc. Reduces Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Principal Financial Group Inc. lessened its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 30.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,569 shares of the scientific and technical instruments company's stock after selling 152,303 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Sensata Technologies worth $12,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sensata Technologies by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock worth $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Eminence Capital LP lifted its holdings in Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock valued at $127,998,000 after purchasing an additional 826,353 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sensata Technologies by 64.5% in the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock valued at $69,350,000 after purchasing an additional 727,521 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Sensata Technologies by 21.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company's stock valued at $64,129,000 after buying an additional 319,424 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Down 2.4 %

NYSE ST traded down $0.79 on Friday, hitting $31.83. 1,797,214 shares of the company were exchanged, compared to its average volume of 1,406,342. The stock has a fifty day moving average of $34.82 and a 200-day moving average of $37.54. Sensata Technologies Holding plc has a 12 month low of $31.18 and a 12 month high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.76 billion, a PE ratio of -58.94, a PEG ratio of 0.93 and a beta of 1.25.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analysts' expectations of $983.93 million. During the same quarter in the previous year, the firm posted $0.91 EPS. Sensata Technologies's revenue was down 1.8% on a year-over-year basis. As a group, analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies's payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ST shares. Truist Financial dropped their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, November 5th. Robert W. Baird decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer reduced their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.00.

Sensata Technologies Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.