Amalgamated Bank Trims Position in Sensient Technologies Co. (NYSE:SXT)

Amalgamated Bank lowered its position in shares of Sensient Technologies Co. (NYSE:SXT) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 12,466 shares of the specialty chemicals company’s stock after selling 469 shares during the quarter. Amalgamated Bank’s holdings in Sensient Technologies were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Algert Global LLC purchased a new stake in shares of Sensient Technologies in the second quarter valued at $4,218,000. Dimensional Fund Advisors LP grew its holdings in Sensient Technologies by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after buying an additional 39,290 shares during the period. Quest Partners LLC increased its stake in shares of Sensient Technologies by 565.2% during the 2nd quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company’s stock valued at $3,001,000 after acquiring an additional 34,367 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Sensient Technologies by 16.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 200,888 shares of the specialty chemicals company’s stock worth $13,899,000 after acquiring an additional 28,788 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock worth $40,211,000 after acquiring an additional 27,967 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped 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. StockNews.com raised Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Insiders Place Their Bets

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 shares were 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 in the company, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Sensient Technologies Stock Down 1.5 %

Shares of NYSE:SXT opened at $78.00 on Friday. The stock has a 50-day simple moving average of $77.47 and a 200-day simple moving average of $76.17. The stock has a market capitalization of $3.30 billion, a P/E ratio of 37.32 and a beta of 0.76. 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 0.58, a quick ratio of 1.47 and a current ratio of 3.74.

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

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, November 4th. Sensient Technologies’s dividend payout ratio (DPR) is presently 78.47%.

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.