nVerses Capital LLC Buys Shares of 900 Sensient Technologies Co. (NYSE:SXT)

nVerses Capital LLC purchased a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 900 shares of the specialty chemicals company’s stock, valued at approximately $72,000.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp grew its position in Sensient Technologies by 5.2% in the 2nd quarter. Van ECK Associates Corp now owns 3,680 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 183 shares during the last quarter. Arizona State Retirement System grew its holdings in Sensient Technologies by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,076 shares of the specialty chemicals company’s stock worth $748,000 after buying an additional 206 shares in the last quarter. Diversified Trust Co increased its position in Sensient Technologies by 2.4% in the 2nd quarter. Diversified Trust Co now owns 11,664 shares of the specialty chemicals company’s stock valued at $865,000 after acquiring an additional 275 shares during the period. Quarry LP bought a new stake in Sensient Technologies during the 2nd quarter valued at $29,000. Finally, Inspire Investing LLC boosted its position in Sensient Technologies by 8.3% during the 3rd quarter. Inspire Investing LLC now owns 5,147 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 393 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Stock Down 2.0 %

Shares of SXT stock opened at $77.06 on Tuesday. Sensient Technologies Co. has a 1 year low of $55.02 and a 1 year high of $82.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.72 and a current ratio of 4.16. The business’s fifty day moving average is $76.15 and its 200-day moving average is $75.08. The stock has a market cap of $3.26 billion, a PE ratio of 35.84 and a beta of 0.75.

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

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, August 5th. Sensient Technologies’s payout ratio is 76.28%.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction of $142,160.00. Following the completion of the sale, the director now owns 15,162 shares in the company, valued at approximately $1,077,714.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SXT has been the topic of a number of research analyst reports. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. 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 report on Monday, July 29th.

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.