Oregon Public Employees Retirement Fund increased its position in Sensient Technologies Corporation (NYSE:SXT) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,402 shares of the specialty chemicals company’s stock after buying an additional 721 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sensient Technologies Corporation were worth $1,321,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Sensient Technologies Corporation by 22,190.3% in the first quarter. BlackRock Inc. now owns 4,553,467 shares of the specialty chemicals company’s stock worth $360,908,000 after buying an additional 4,533,039 shares in the last quarter. Norges Bank acquired a new position in shares of Sensient Technologies Corporation during the fourth quarter worth $28,068,000. Vanguard Group Inc. increased its position in shares of Sensient Technologies Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,145,433 shares of the specialty chemicals company’s stock worth $328,567,000 after buying an additional 256,125 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Sensient Technologies Corporation during the first quarter worth $17,712,000. Finally, Aberdeen Asset Management PLC UK increased its position in shares of Sensient Technologies Corporation by 13.8% in the first quarter. Aberdeen Asset Management PLC UK now owns 769,474 shares of the specialty chemicals company’s stock worth $60,988,000 after buying an additional 93,026 shares in the last quarter. 88.94% of the stock is owned by institutional investors.
Sensient Technologies Corporation (SXT) opened at 72.62 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of 29.25 and a beta of 1.07. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The firm has a 50-day moving average of $77.32 and a 200 day moving average of $79.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. Sensient Technologies Corporation’s dividend payout ratio is presently 48.39%.
A number of equities research analysts have recently commented on SXT shares. BidaskClub cut shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, June 2nd.
In other Sensient Technologies Corporation news, Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $75.32 per share, for a total transaction of $75,320.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.95% of the stock is owned by insiders.
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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