Lombard Odier Asset Management Europe Ltd Has $606,000 Stock Holdings in Sensient Technologies Co. (NYSE:SXT)

Lombard Odier Asset Management Europe Ltd lowered its holdings in Sensient Technologies Co. (NYSE:SXT) by 24.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,172 shares of the specialty chemicals company’s stock after selling 2,588 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Sensient Technologies were worth $606,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in Sensient Technologies during the second quarter worth $129,000. TFO Wealth Partners LLC raised its holdings in Sensient Technologies by 44,075.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock valued at $117,000 after acquiring an additional 1,763 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sensient Technologies in the 2nd quarter worth approximately $214,000. SG Americas Securities LLC acquired a new stake in shares of Sensient Technologies during the 1st quarter worth approximately $203,000. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Sensient Technologies during the first quarter valued at approximately $208,000. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Trading Up 0.7 %

Shares of SXT opened at $78.06 on Tuesday. The stock has a market cap of $3.31 billion, a PE ratio of 36.31 and a beta of 0.75. The stock has a 50 day simple moving average of $75.68 and a 200-day simple moving average of $73.82. Sensient Technologies Co. has a 1 year low of $52.90 and a 1 year high of $82.99. 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 (NYSE:SXT) last issued its earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $403.53 million for the quarter. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. On average, sell-side analysts predict that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, August 5th. Sensient Technologies’s dividend payout ratio (DPR) is currently 76.28%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SXT. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 29th.

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’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 completion of the sale, the director now owns 15,162 shares in the company, valued at $1,077,714.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Sensient Technologies Profile

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.