Gabelli Funds LLC raised its position in Sensient Technologies Co. (NYSE:SXT) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 446,800 shares of the specialty chemicals company’s stock after purchasing an additional 3,000 shares during the period. Gabelli Funds LLC owned approximately 1.06% of Sensient Technologies worth $34,185,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Schroder Investment Management Group bought a new stake in shares of Sensient Technologies during the second quarter worth $50,057,000. Victory Capital Management Inc. increased its position in shares of Sensient Technologies by 79.9% during the second quarter. Victory Capital Management Inc. now owns 994,997 shares of the specialty chemicals company’s stock worth $71,192,000 after acquiring an additional 441,987 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Sensient Technologies by 5.4% during the second quarter. Janus Henderson Group PLC now owns 3,815,218 shares of the specialty chemicals company’s stock worth $272,979,000 after acquiring an additional 194,486 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Sensient Technologies by 30.5% during the second quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after acquiring an additional 192,741 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Sensient Technologies by 386.1% during the second quarter. Citadel Advisors LLC now owns 157,229 shares of the specialty chemicals company’s stock worth $11,250,000 after acquiring an additional 124,886 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of Sensient Technologies stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of $64.02 per share, for a total transaction of $128,040.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.94% of the company’s stock.
SXT has been the subject of several research reports. TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. ValuEngine raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. KeyCorp lowered their price objective on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, October 22nd. Finally, Berenberg Bank set a $82.00 price objective on shares of Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $81.75.
Shares of SXT opened at $66.40 on Wednesday. Sensient Technologies Co. has a 12 month low of $60.72 and a 12 month high of $78.40. The firm has a market cap of $2.78 billion, a P/E ratio of 19.42 and a beta of 0.88. The company has a quick ratio of 1.80, a current ratio of 4.30 and a debt-to-equity ratio of 0.88.
Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The business had revenue of $342.73 million during the quarter. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that Sensient Technologies Co. will post 3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be issued a dividend of $0.36 per share. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.44 annualized dividend and a yield of 2.17%. Sensient Technologies’s dividend payout ratio is presently 42.11%.
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About Sensient Technologies
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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