Sensient Technologies Co. (NYSE:SXT) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Sensient Technologies Co. (NYSE:SXT) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,355 shares of the specialty chemicals company’s stock after acquiring an additional 366 shares during the period. US Bancorp DE’s holdings in Sensient Technologies were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Stanley Laman Group Ltd. purchased a new position in shares of Sensient Technologies in the 3rd quarter worth $214,000. Blue Trust Inc. raised its position in shares of Sensient Technologies by 2,753.7% in the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 1,845 shares during the period. nVerses Capital LLC purchased a new position in shares of Sensient Technologies in the 3rd quarter worth $72,000. Creative Planning raised its position in shares of Sensient Technologies by 15.9% in the 3rd quarter. Creative Planning now owns 22,491 shares of the specialty chemicals company’s stock worth $1,804,000 after buying an additional 3,081 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Sensient Technologies by 8.3% in the 3rd quarter. Inspire Investing LLC now owns 5,147 shares of the specialty chemicals company’s stock worth $413,000 after buying an additional 393 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of Sensient Technologies stock in a transaction that occurred on 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 transaction, the director now directly owns 15,162 shares in the company, valued at $1,077,714.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Michael C. Geraghty sold 4,000 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the sale, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gebhardt Deborah Mckeithan sold 2,000 shares of Sensient Technologies stock in a transaction that occurred 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 sale, the director now directly owns 15,162 shares in the company, valued at approximately $1,077,714.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SXT shares. StockNews.com raised Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased 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.

Sensient Technologies Stock Up 1.0 %

Shares of NYSE SXT opened at $80.39 on Tuesday. Sensient Technologies Co. has a 1 year low of $55.02 and a 1 year high of $82.99. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 38.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. The stock’s 50-day simple moving average is $77.29 and its 200-day simple moving average is $76.08.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.41 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. Sensient Technologies’s payout ratio is currently 78.47%.

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.