SG Americas Securities LLC lifted its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 120.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,551 shares of the specialty chemicals company’s stock after purchasing an additional 12,327 shares during the period. SG Americas Securities LLC’s holdings in Sensient Technologies were worth $1,725,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in SXT. Schroder Investment Management Group acquired a new position in shares of Sensient Technologies during the second quarter worth approximately $50,057,000. Victory Capital Management Inc. lifted its position in shares of Sensient Technologies by 79.9% during the second quarter. Victory Capital Management Inc. now owns 994,997 shares of the specialty chemicals company’s stock worth $71,192,000 after purchasing an additional 441,987 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Sensient Technologies by 5.4% during the second quarter. Janus Henderson Group PLC now owns 3,815,218 shares of the specialty chemicals company’s stock worth $272,979,000 after purchasing an additional 194,486 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Sensient Technologies by 30.5% during the second quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after purchasing an additional 192,741 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Sensient Technologies by 386.1% during the second quarter. Citadel Advisors LLC now owns 157,229 shares of the specialty chemicals company’s stock worth $11,250,000 after purchasing an additional 124,886 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average cost of $64.02 per share, for a total transaction of $128,040.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The business had revenue of $342.73 million for the quarter. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts predict that Sensient Technologies Co. will post 3.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be issued a $0.36 dividend. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, November 2nd. Sensient Technologies’s dividend payout ratio is currently 42.11%.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research lowered shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. KeyCorp cut their price objective on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd. Finally, TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.75.
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About Sensient Technologies
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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