Dimensional Fund Advisors LP cut its stake in shares of Sensient Technologies Corp. (NYSE:SXT) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,020,419 shares of the company’s stock after selling 32,145 shares during the period. Dimensional Fund Advisors LP owned 2.29% of Sensient Technologies Corp. worth $72,488,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in 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 in the last quarter. State Street Corp boosted its stake in Sensient Technologies Corp. by 0.4% in the first quarter. State Street Corp now owns 1,415,860 shares of the company’s stock valued at $89,848,000 after buying an additional 5,611 shares in the last quarter. Wellington Management Group LLP boosted its stake in Sensient Technologies Corp. by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,410,627 shares of the company’s stock valued at $89,518,000 after buying an additional 73,323 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Sensient Technologies Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,379,181 shares of the company’s stock valued at $87,523,000 after buying an additional 16,926 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Sensient Technologies Corp. by 6.0% in the second quarter. Handelsbanken Fonder AB now owns 878,700 shares of the company’s stock valued at $62,423,000 after buying an additional 50,000 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
Shares of Sensient Technologies Corp. (NYSE:SXT) traded down 0.12% during trading on Wednesday, reaching $75.17. The company had a trading volume of 13,690 shares. Sensient Technologies Corp. has a 12 month low of $52.69 and a 12 month high of $75.96. The stock has a market capitalization of $3.37 billion, a PE ratio of 31.92 and a beta of 1.02. The stock’s 50-day moving average price is $74.29 and its 200-day moving average price is $69.77.
Sensient Technologies Corp. (NYSE:SXT) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. Sensient Technologies Corp. had a return on equity of 16.08% and a net margin of 7.65%. The firm had revenue of $360.80 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities analysts forecast that Sensient Technologies Corp. will post $3.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were issued a dividend of $0.27 per share. 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 dividend payout ratio (DPR) is presently 45.96%.
Several analysts have recently commented on SXT shares. Zacks Investment Research raised Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Wednesday, July 27th. Gabelli cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Sidoti started coverage on Sensient Technologies Corp. in a report on Friday, September 2nd. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.75.
In other news, Director Essie Whitelaw sold 1,269 shares of the company’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 transaction of $93,906.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.87% of the company’s stock.
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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