Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,838 Shares of Sensient Technologies Co. (SXT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Sensient Technologies Co. (NYSE:SXT) by 24.8% during the third quarter, Holdings Channel reports. The institutional investor owned 8,589 shares of the specialty chemicals company’s stock after selling 2,838 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sensient Technologies were worth $657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SXT. Schroder Investment Management Group purchased a new stake in shares of Sensient Technologies in the second quarter worth about $50,057,000. Victory Capital Management Inc. raised its holdings in Sensient Technologies by 79.9% in the 2nd quarter. Victory Capital Management Inc. now owns 994,997 shares of the specialty chemicals company’s stock worth $71,192,000 after purchasing an additional 441,987 shares during the period. Janus Henderson Group PLC raised its holdings in Sensient Technologies by 5.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,815,218 shares of the specialty chemicals company’s stock worth $272,979,000 after purchasing an additional 194,486 shares during the period. Eagle Asset Management Inc. raised its holdings in Sensient Technologies by 30.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after purchasing an additional 192,741 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Sensient Technologies by 386.1% in the 2nd quarter. Citadel Advisors LLC now owns 157,229 shares of the specialty chemicals company’s stock worth $11,250,000 after purchasing an additional 124,886 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

In other news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of Sensient Technologies stock in a transaction on Monday, October 22nd. The stock was acquired at an average price of $64.02 per share, with a total value of $128,040.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on SXT shares. ValuEngine cut Sensient Technologies from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. Berenberg Bank set a $82.00 price target on Sensient Technologies and gave the stock a “buy” rating in a report on Monday, October 22nd. TheStreet raised Sensient Technologies from a “c+” rating to a “b” rating in a report on Tuesday, September 18th. Finally, KeyCorp reduced their price target on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.75.

NYSE SXT opened at $61.42 on Friday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 17.96 and a beta of 0.91. Sensient Technologies Co. has a twelve month low of $60.49 and a twelve month high of $78.40. 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 released its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Sensient Technologies had a return on equity of 18.43% and a net margin of 9.92%. The company had revenue of $342.73 million during the quarter. During the same period 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 expect that Sensient Technologies Co. will post 3.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 5th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. 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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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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