Principal Financial Group Inc. Sells 152,303 Shares of Sensata Technologies Holding plc (NYSE:ST)

Principal Financial Group Inc. cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 30.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor 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.’s holdings in Sensata Technologies were worth $12,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ST. Millennium Management LLC lifted its holdings in 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 worth $189,158,000 after buying an additional 2,321,782 shares during the period. Eminence Capital LP raised its position in shares of 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 worth $127,998,000 after acquiring an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of Sensata Technologies in the 1st quarter valued at approximately $28,969,000. Victory Capital Management Inc. boosted its position in shares of Sensata Technologies by 64.5% during 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 in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Sensata Technologies by 1,585.8% during the first quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock valued at $25,884,000 after purchasing an additional 662,728 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of ST opened at $31.83 on Friday. The company has a market capitalization of $4.76 billion, a P/E ratio of -58.94, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. Sensata Technologies Holding plc has a twelve month low of $31.18 and a twelve month high of $43.14. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $34.82 and a 200 day moving average of $37.54.

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

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given 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 dividend payout ratio (DPR) is presently -88.89%.

Analysts Set New Price Targets

A number of research firms have issued reports on ST. TD Cowen decreased their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group decreased 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 note on Tuesday, October 1st. UBS Group dropped their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird decreased their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Oppenheimer dropped their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” 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 assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company 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.