Teacher Retirement System of Texas boosted its position in Sensient Technologies Corp. (NYSE:SXT) by 274.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,754 shares of the company’s stock after buying an additional 15,206 shares during the period. Teacher Retirement System of Texas’ holdings in Sensient Technologies Corp. were worth $1,474,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SXT. Norges Bank purchased a new position in Sensient Technologies Corp. during the fourth quarter worth $31,572,000. Quantitative Systematic Strategies LLC increased its position in Sensient Technologies Corp. by 96.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 9,280 shares of the company’s stock worth $593,000 after buying an additional 4,557 shares during the period. Virginia Retirement System purchased a new position in Sensient Technologies Corp. during the first quarter worth $438,000. Los Angeles Capital Management & Equity Research Inc. increased its position in 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 worth $756,000 after buying an additional 425 shares during the period. Finally, Franklin Resources Inc. increased its position 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 worth $90,658,000 after buying an additional 118,200 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sensient Technologies Corp. (NYSE:SXT) opened at 74.77 on Friday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 31.75 and a beta of 1.02. Sensient Technologies Corp. has a one year low of $52.69 and a one year high of $75.96. The firm’s 50-day moving average price is $74.23 and its 200-day moving average price is $69.42.
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 Zacks’ 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 period last year, the firm earned $0.80 earnings per share. Analysts anticipate that Sensient Technologies Corp. will post $3.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Sensient Technologies Corp.’s payout ratio is presently 45.96%.
SXT has been the topic of a number of research reports. Gabelli downgraded Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research raised Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, July 27th. Finally, Sidoti began coverage on Sensient Technologies Corp. in a research note on Friday, September 2nd. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.75.
In related news, Director Essie Whitelaw sold 1,269 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $74.00, for a total value of $93,906.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.87% of the stock is owned by corporate insiders.
Sensient Technologies Corp. Company Profile
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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