Garrison Financial Corp decreased its stake in shares of Sensient Technologies Corp. (NYSE:SXT) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,055 shares of the company’s stock after selling 684 shares during the period. Sensient Technologies Corp. comprises about 2.6% of Garrison Financial Corp’s investment portfolio, making the stock its 5th largest position. Garrison Financial Corp’s holdings in Sensient Technologies Corp. were worth $3,911,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SXT. Norges Bank purchased a new position in shares of Sensient Technologies Corp. during the fourth quarter valued at about $31,572,000. Virginia Retirement System purchased a new position in shares of Sensient Technologies Corp. during the first quarter valued at about $438,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Sensient Technologies Corp. by 3.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,919 shares of the company’s stock valued at $756,000 after buying an additional 425 shares during the period. Franklin Resources Inc. boosted its position in shares of Sensient Technologies Corp. by 9.0% in the first quarter. Franklin Resources Inc. now owns 1,428,585 shares of the company’s stock valued at $90,658,000 after buying an additional 118,200 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Sensient Technologies Corp. by 6.5% in the first quarter. BlackRock Inc. now owns 17,964 shares of the company’s stock valued at $1,140,000 after buying an additional 1,097 shares during the period. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sensient Technologies Corp. (NYSE:SXT) traded down 1.16% during trading on Thursday, hitting $75.01. The company had a trading volume of 96,157 shares. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $76.07. The firm has a 50 day moving average of $74.33 and a 200 day moving average of $69.82. The stock has a market cap of $3.36 billion, a PE ratio of 31.85 and a beta of 1.02.
Sensient Technologies Corp. (NYSE:SXT) last announced its earnings results on Friday, July 22nd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. The business had revenue of $360.80 million for the quarter, compared to the consensus estimate of $348.80 million. Sensient Technologies Corp. had a return on equity of 16.08% and a net margin of 7.65%. During the same period in the previous year, the business earned $0.80 EPS. On average, analysts forecast that Sensient Technologies Corp. will post $3.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, August 3rd. Sensient Technologies Corp.’s payout ratio is currently 45.96%.
Several equities analysts have recently issued reports on the company. Gabelli cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Sidoti assumed coverage on Sensient Technologies Corp. in a research report on Friday, September 2nd. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $73.75.
In other news, Director Essie Whitelaw sold 1,269 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $74.00, for a total value of $93,906.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.87% of the stock is owned by insiders.
About Sensient Technologies Corp.
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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