Gryphon Financial Partners LLC purchased a new stake in shares of Sensient Technologies Co. (NYSE:SXT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,948 shares of the specialty chemicals company’s stock, valued at approximately $302,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC grew its stake in shares of Sensient Technologies by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 36,346 shares of the specialty chemicals company’s stock valued at $2,601,000 after buying an additional 741 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sensient Technologies by 54.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 808 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Sensient Technologies by 14.6% during the second quarter. OppenheimerFunds Inc. now owns 6,446 shares of the specialty chemicals company’s stock valued at $461,000 after buying an additional 820 shares during the last quarter. Zebra Capital Management LLC grew its stake in shares of Sensient Technologies by 16.1% during the second quarter. Zebra Capital Management LLC now owns 6,079 shares of the specialty chemicals company’s stock valued at $435,000 after buying an additional 841 shares during the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Sensient Technologies by 19.1% during the second quarter. Flinton Capital Management LLC now owns 5,404 shares of the specialty chemicals company’s stock valued at $387,000 after buying an additional 868 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.
NYSE SXT opened at $66.04 on Friday. The company has a current ratio of 4.30, a quick ratio of 1.80 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.82 billion, a P/E ratio of 18.54 and a beta of 0.88. Sensient Technologies Co. has a 1 year low of $60.72 and a 1 year high of $78.40.
Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $342.73 million for the quarter. Sensient Technologies had a return on equity of 18.43% and a net margin of 9.92%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. As a group, analysts anticipate that Sensient Technologies Co. will post 3.55 EPS for the current fiscal 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 paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 2.18%. Sensient Technologies’s dividend payout ratio (DPR) is presently 42.11%.
Several research firms recently issued reports on SXT. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. TheStreet raised Sensient Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, September 18th. ValuEngine raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. KeyCorp cut their target price on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Monday, October 22nd. Finally, Berenberg Bank set a $82.00 target price on Sensient Technologies and gave the stock a “buy” rating in a research note on Monday, October 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Sensient Technologies has a consensus rating of “Hold” and an average price target of $81.75.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were bought at an average cost of $64.02 per share, with a total value of $128,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.
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Sensient Technologies Profile
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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