Principal Financial Group Inc. Sells 6,851 Shares of Sensata Technologies Holding plc (NYSE:ST)

Principal Financial Group Inc. lowered its stake in Sensata Technologies Holding plc (NYSE:ST) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,718 shares of the scientific and technical instruments company’s stock after selling 6,851 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Sensata Technologies worth $9,390,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Quarry LP lifted its stake in Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after buying an additional 651 shares in the last quarter. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares in the last quarter. R Squared Ltd bought a new position in Sensata Technologies in the fourth quarter valued at approximately $104,000. Finally, KBC Group NV lifted its stake in Sensata Technologies by 83.5% in the fourth quarter. KBC Group NV now owns 7,286 shares of the scientific and technical instruments company’s stock valued at $200,000 after buying an additional 3,315 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Evercore ISI lowered their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Truist Financial lowered their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen lowered their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.08.

Sensata Technologies Price Performance

Shares of ST opened at $28.86 on Friday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.25 and a beta of 1.23. Sensata Technologies Holding plc has a 1-year low of $24.91 and a 1-year high of $43.14. The company’s fifty day simple moving average is $27.95 and its 200 day simple moving average is $32.07. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, research analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Sensata Technologies’s dividend payout ratio is currently 57.14%.

Sensata Technologies Company 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.