Sensient Technologies Co. (NYSE:SXT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Sensient Technologies Co. (NYSE:SXT) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,875 shares of the specialty chemicals company’s stock after selling 10,154 shares during the quarter. Victory Capital Management Inc. owned approximately 0.34% of Sensient Technologies worth $11,461,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Sensient Technologies by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after acquiring an additional 39,290 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sensient Technologies by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock worth $40,211,000 after buying an additional 27,967 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Sensient Technologies by 2.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock worth $15,304,000 after buying an additional 5,400 shares during the period. Robeco Schweiz AG raised its stake in shares of Sensient Technologies by 12.1% during the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock worth $8,357,000 after buying an additional 12,150 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Sensient Technologies by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 93,226 shares of the specialty chemicals company’s stock worth $6,916,000 after buying an additional 6,621 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Stock Down 0.2 %

NYSE SXT opened at $76.30 on Thursday. The business has a fifty day moving average price of $77.70 and a 200 day moving average price of $76.27. Sensient Technologies Co. has a one year low of $55.02 and a one year high of $82.99. 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 company has a market cap of $3.23 billion, a P/E ratio of 36.50 and a beta of 0.76.

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

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

SXT has been the subject of several research analyst reports. StockNews.com raised Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Robert W. Baird increased their price objective on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Insider Transactions at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now directly owns 36,518 shares in the company, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

Sensient Technologies Company 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.