Ariadne Wealth Management LP Purchases New Holdings in Sensient Technologies Co. (NYSE:SXT)

Ariadne Wealth Management LP bought a new stake in shares of Sensient Technologies Co. (NYSE:SXT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,692 shares of the specialty chemicals company’s stock, valued at approximately $942,000.

A number of other hedge funds also recently added to or reduced their stakes in SXT. Brandes Investment Partners LP grew its position in Sensient Technologies by 34.4% in the second quarter. Brandes Investment Partners LP now owns 14,536 shares of the specialty chemicals company’s stock worth $1,078,000 after buying an additional 3,718 shares during the last quarter. Kimelman & Baird LLC bought a new position in Sensient Technologies in the 2nd quarter worth $1,287,000. Quarry LP acquired a new position in shares of Sensient Technologies during the second quarter valued at about $29,000. Creative Planning boosted its stake in Sensient Technologies by 27.8% during the second quarter. Creative Planning now owns 19,410 shares of the specialty chemicals company’s stock worth $1,440,000 after buying an additional 4,217 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Sensient Technologies in the 2nd quarter valued at $4,218,000. 90.86% of the stock is currently owned by institutional investors.

Insider Activity at Sensient Technologies

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were 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 directly owns 15,162 shares of the company’s stock, valued at approximately $1,077,714.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SXT. Robert W. Baird boosted their price target on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Sensient Technologies Stock Performance

NYSE:SXT opened at $80.22 on Tuesday. The stock’s 50-day simple moving average is $75.59 and its 200 day simple moving average is $74.18. The firm has a market capitalization of $3.40 billion, a PE ratio of 37.31 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 quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $403.53 million for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. On average, analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, August 5th. Sensient Technologies’s dividend payout ratio is currently 76.28%.

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.