Victory Capital Management Inc. Decreases Holdings in Sensient Technologies Co. (NYSE:SXT)

Victory Capital Management Inc. decreased its holdings in Sensient Technologies Co. (NYSE:SXT) by 11.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,029 shares of the specialty chemicals company’s stock after selling 20,665 shares during the period. Victory Capital Management Inc. owned approximately 0.36% of Sensient Technologies worth $11,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Sensient Technologies by 5.2% in the second quarter. Van ECK Associates Corp now owns 3,680 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 183 shares during the last quarter. Diversified Trust Co increased its position in shares of Sensient Technologies by 2.4% in the second quarter. Diversified Trust Co now owns 11,664 shares of the specialty chemicals company’s stock valued at $865,000 after acquiring an additional 275 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Sensient Technologies by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the specialty chemicals company’s stock valued at $1,580,000 after acquiring an additional 400 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Sensient Technologies by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 36,977 shares of the specialty chemicals company’s stock valued at $2,558,000 after acquiring an additional 479 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Sensient Technologies by 9.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,081 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 638 shares during the period. Institutional investors own 90.86% of the company’s stock.

Insider Buying and Selling at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the sale, the director now directly owns 15,162 shares in the company, valued at $1,077,714.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Performance

SXT stock opened at $75.53 on Friday. The stock’s 50 day simple moving average is $75.61 and its 200 day simple moving average is $73.31. The company has a current ratio of 4.16, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60. Sensient Technologies Co. has a 12-month low of $52.90 and a 12-month high of $82.99. The stock has a market capitalization of $3.20 billion, a PE ratio of 35.13 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $403.53 million for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. As a group, research analysts forecast that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th were paid a $0.41 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.64 dividend on an annualized basis and a yield of 2.17%. Sensient Technologies’s payout ratio is presently 76.28%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SXT. Robert W. Baird lifted their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.