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

Principal Financial Group Inc. trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 30.3% in the third quarter, Holdings Channel reports. 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.’s holdings in Sensata Technologies were worth $12,536,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares in the last quarter. Assetmark Inc. boosted its holdings in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares during the period. nVerses Capital LLC acquired a new stake in Sensata Technologies in the second quarter valued at approximately $131,000. Canada Pension Plan Investment Board purchased a new stake in shares of Sensata Technologies during the second quarter valued at approximately $142,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Sensata Technologies during the third quarter worth $237,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ST. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group dropped their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Stifel Nicolaus reduced their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, Robert W. Baird cut their target price 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $27.38 on Friday. The company has a market cap of $4.10 billion, a PE ratio of -50.70, a P/E/G ratio of 0.89 and a beta of 1.22. Sensata Technologies Holding plc has a 12 month low of $27.12 and a 12 month high of $43.14. The company has a fifty day moving average price of $31.74 and a two-hundred day moving average price of $35.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting 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 business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

About Sensata Technologies

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.