Keeley Teton Advisors LLC cut its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,666 shares of the specialty chemicals company’s stock after selling 77,578 shares during the period. Keeley Teton Advisors LLC owned 0.62% of Sensient Technologies worth $20,743,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Susquehanna International Group LLP acquired a new stake in shares of Sensient Technologies in the second quarter valued at approximately $1,448,000. Tributary Capital Management LLC lifted its position in shares of Sensient Technologies by 11.1% in the third quarter. Tributary Capital Management LLC now owns 238,051 shares of the specialty chemicals company’s stock valued at $18,311,000 after buying an additional 23,809 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Sensient Technologies by 58.8% in the second quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock valued at $43,316,000 after buying an additional 199,123 shares during the last quarter. Geneva Advisors LLC lifted its position in shares of Sensient Technologies by 3.2% in the second quarter. Geneva Advisors LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $538,000 after buying an additional 208 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Sensient Technologies in the third quarter valued at approximately $394,000. 90.17% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on SXT. KeyCorp reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Berenberg Bank began coverage on Sensient Technologies in a research report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price objective for the company.
Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%. The company had revenue of $353.52 million during the quarter. During the same period in the previous year, the business earned $0.83 earnings per share. analysts forecast that Sensient Technologies Corporation will post 3.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 6th were issued a dividend of $0.33 per share. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, November 3rd. Sensient Technologies’s dividend payout ratio (DPR) is presently 54.55%.
Sensient Technologies announced that its board has authorized a stock buyback program on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Essie Whitelaw sold 667 shares of Sensient Technologies stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total value of $50,125.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,187 shares of company stock valued at $316,125. 0.95% of the stock is currently owned by insiders.
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Sensient Technologies 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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