Intech Investment Management LLC Acquires Shares of 5,876 Sensient Technologies Co. (NYSE:SXT)

Intech Investment Management LLC bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,876 shares of the specialty chemicals company’s stock, valued at approximately $471,000.

Several other large investors have also recently bought and sold shares of SXT. Quarry LP purchased a new stake in Sensient Technologies during the 2nd quarter worth about $29,000. nVerses Capital LLC purchased a new stake in Sensient Technologies during the third quarter worth approximately $72,000. Hantz Financial Services Inc. acquired a new position in Sensient Technologies in the second quarter valued at approximately $129,000. Blue Trust Inc. increased its stake in Sensient Technologies by 2,753.7% in the third quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Stanley Laman Group Ltd. acquired a new stake in Sensient Technologies during the third quarter worth approximately $214,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 1.0 %

Sensient Technologies stock opened at $78.45 on Tuesday. The stock has a 50-day simple moving average of $77.91 and a 200-day simple moving average of $76.38. The company has a market capitalization of $3.32 billion, a P/E ratio of 37.15 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. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two week high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, meeting the consensus estimate 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 was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Equities research analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.41 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. Sensient Technologies’s payout ratio is 78.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Insider Transactions at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

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.