Principal Financial Group Inc. Has $12.54 Million Stake in Sensata Technologies Holding plc (NYSE:ST)

Principal Financial Group Inc. lessened its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 30.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,569 shares of the scientific and technical instruments company's stock after selling 152,303 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Sensata Technologies worth $12,536,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Sensata Technologies by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company's stock worth $348,666,000 after acquiring an additional 45,513 shares in the last quarter. State Street Corp grew its holdings in shares of Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company's stock worth $196,187,000 after purchasing an additional 23,946 shares during the last quarter. Millennium Management LLC increased its stake in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock valued at $173,627,000 after buying an additional 658,728 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company's stock valued at $139,703,000 after buying an additional 618,202 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Trading Down 1.5 %

Sensata Technologies stock traded down $0.43 during trading hours on Friday, hitting $27.38. The stock had a trading volume of 1,050,978 shares, compared to its average volume of 1,850,782. The business's 50 day simple moving average is $31.74 and its 200-day simple moving average is $35.21. Sensata Technologies Holding plc has a one year low of $27.12 and a one year high of $43.14. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -50.70, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

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

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.75%. Sensata Technologies's payout ratio is -88.89%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ST shares. Robert W. Baird decreased their price objective on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Truist Financial decreased their price target on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a report on Tuesday, November 5th. UBS Group dropped their price objective on Sensata Technologies from $44.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Oppenheimer cut their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.