First Mercantile Trust Co. Has $909,000 Stake in Sensient Technologies Corporation (NYSE:SXT)

First Mercantile Trust Co. reduced its position in Sensient Technologies Corporation (NYSE:SXT) by 34.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,291 shares of the specialty chemicals company’s stock after selling 5,835 shares during the period. First Mercantile Trust Co.’s holdings in Sensient Technologies Corporation were worth $909,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in shares of Sensient Technologies Corporation by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 20,278 shares of the specialty chemicals company’s stock worth $1,633,000 after buying an additional 2,479 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sensient Technologies Corporation during the second quarter worth about $351,000. Arizona State Retirement System increased its stake in shares of Sensient Technologies Corporation by 1.1% in the second quarter. Arizona State Retirement System now owns 18,700 shares of the specialty chemicals company’s stock worth $1,506,000 after buying an additional 200 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Sensient Technologies Corporation by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 289,777 shares of the specialty chemicals company’s stock worth $23,336,000 after buying an additional 10,286 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Sensient Technologies Corporation by 35.3% in the second quarter. Sei Investments Co. now owns 3,454 shares of the specialty chemicals company’s stock worth $278,000 after buying an additional 902 shares during the period. 88.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Sensient Technologies Corporation (SXT) opened at 74.08 on Friday. The company has a 50 day moving average price of $78.25 and a 200-day moving average price of $79.53. The stock has a market cap of $3.25 billion, a P/E ratio of 29.83 and a beta of 1.07. Sensient Technologies Corporation has a 12 month low of $68.51 and a 12 month high of $84.98.

Sensient Technologies Corporation (NYSE:SXT) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. On average, equities research analysts predict that Sensient Technologies Corporation will post $3.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.

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A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.

In other news, Director Joseph Carleone bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Sensient Technologies Corporation 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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Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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