Sensient Technologies Co. (NYSE:SXT) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Sensient Technologies Co. (NYSE:SXT) by 66.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,643 shares of the specialty chemicals company’s stock after acquiring an additional 23,474 shares during the period. Thrivent Financial for Lutherans owned approximately 0.14% of Sensient Technologies worth $4,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SXT. Algert Global LLC acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at $4,218,000. Dimensional Fund Advisors LP grew its position in Sensient Technologies by 3.4% during 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. Quest Partners LLC increased its stake in Sensient Technologies by 565.2% during the second quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company’s stock worth $3,001,000 after acquiring an additional 34,367 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Sensient Technologies by 5.4% in 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 purchasing an additional 27,967 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at about $1,287,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird lifted their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $78.67 on Monday. The business’s 50-day simple moving average is $77.83 and its 200 day simple moving average is $76.31. The company has a market cap of $3.33 billion, a P/E ratio of 37.64 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 one year low of $55.02 and a one year 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, sell-side analysts forecast that Sensient Technologies Co. will post 2.82 earnings per share 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. Investors of record on Monday, November 4th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Insider Activity at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of Sensient Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the sale, the insider now owns 36,518 shares in the company, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

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.