Sensient Technologies Co. (NYSE:SXT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Sensient Technologies Co. (NYSE:SXT) by 22.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,307 shares of the specialty chemicals company’s stock after selling 15,825 shares during the period. Jane Street Group LLC’s holdings in Sensient Technologies were worth $4,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Sensient Technologies by 3.7% in the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock valued at $135,902,000 after purchasing an additional 60,622 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $89,683,000 after purchasing an additional 39,290 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Sensient Technologies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after buying an additional 7,235 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $40,211,000 after buying an additional 27,967 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sensient Technologies by 2.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock worth $15,304,000 after buying an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction dated 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 directly owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This represents 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 hyperlink. Corporate insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Down 1.0 %

Shares of NYSE:SXT opened at $76.46 on Wednesday. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $77.76 and a 200-day simple moving average of $76.55. The company has a market capitalization of $3.24 billion, a PE ratio of 36.58 and a beta of 0.76. Sensient Technologies Co. has a twelve month low of $55.02 and a twelve month high of $82.99.

Sensient Technologies (NYSE:SXT) last issued 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 return on equity of 11.41% and a net margin of 5.80%. The company had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Monday, November 4th. Sensient Technologies’s dividend payout ratio is currently 78.47%.

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.