Old Mutual Global Investors UK Ltd. bought a new stake in Sensient Technologies Corporation (NYSE:SXT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,135 shares of the specialty chemicals company’s stock, valued at approximately $394,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Sensient Technologies Corporation by 732.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock worth $251,757,000 after buying an additional 2,750,649 shares during the last quarter. State Street Corp raised its stake in Sensient Technologies Corporation by 4.2% in the 2nd quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock worth $119,869,000 after purchasing an additional 60,015 shares in the last quarter. Northern Trust Corp raised its stake in Sensient Technologies Corporation by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,254,899 shares of the specialty chemicals company’s stock worth $101,057,000 after purchasing an additional 21,930 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sensient Technologies Corporation by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 951,438 shares of the specialty chemicals company’s stock worth $76,619,000 after purchasing an additional 3,310 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its holdings in Sensient Technologies Corporation by 4.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 804,015 shares of the specialty chemicals company’s stock valued at $64,747,000 after buying an additional 34,541 shares during the period. 87.48% of the stock is owned by institutional investors.
Several equities analysts have commented on SXT shares. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Berenberg Bank began coverage on shares of Sensient Technologies Corporation in a report on Friday, September 22nd. They set a “buy” rating and a $88.30 target price on the stock. Finally, BidaskClub lowered shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.
In other news, Director Fergus M. Clydesdale sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total value of $152,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Essie Whitelaw sold 667 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,187 shares of company stock valued at $316,125. 0.95% of the stock is owned by company insiders.
Sensient Technologies Corporation (NYSE:SXT) opened at $75.49 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59. Sensient Technologies Corporation has a 1 year low of $71.21 and a 1 year high of $84.98. The stock has a market cap of $3,282.00, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.57 and a beta of 1.08.
Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Sensient Technologies Corporation had a net margin of 7.89% and a return on equity of 17.34%. The firm had revenue of $353.52 million for the quarter. During the same quarter in the previous year, the company posted $0.83 EPS. research analysts expect that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.
Sensient Technologies Corporation declared that its Board of Directors has approved a share repurchase plan on Thursday, October 19th that allows the company to buyback 3,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 6th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.32 annualized dividend and a yield of 1.75%. This is a positive change from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. Sensient Technologies Corporation’s dividend payout ratio is presently 54.55%.
About Sensient Technologies Corporation
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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