Quarry LP Purchases Shares of 386 Sensient Technologies Co. (NYSE:SXT)

Quarry LP acquired a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 386 shares of the specialty chemicals company’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in SXT. Van ECK Associates Corp raised its stake in 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 valued at $273,000 after buying an additional 183 shares in the last quarter. Arizona State Retirement System boosted its holdings in Sensient Technologies by 2.1% in the second quarter. Arizona State Retirement System now owns 10,076 shares of the specialty chemicals company’s stock valued at $748,000 after purchasing an additional 206 shares in the last quarter. Diversified Trust Co increased its stake in 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 purchasing an additional 275 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Sensient Technologies by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the specialty chemicals company’s stock worth $1,580,000 after purchasing an additional 400 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of Sensient Technologies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 36,977 shares of the specialty chemicals company’s stock worth $2,558,000 after buying an additional 479 shares during the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the transaction, the director now directly owns 15,162 shares of the company’s stock, valued at approximately $1,077,714.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Sensient Technologies Price Performance

SXT stock opened at $76.43 on Tuesday. The business has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $74.48. The company has a market capitalization of $3.24 billion, a P/E ratio of 35.55 and a beta of 0.75. Sensient Technologies Co. has a twelve month low of $52.90 and a twelve month 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 quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The company had revenue of $403.53 million for the quarter. As a group, equities analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, August 5th. Sensient Technologies’s payout ratio is currently 76.28%.

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.