Sensient Technologies Co. (NYSE:SXT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 78.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,688 shares of the specialty chemicals company’s stock after selling 6,238 shares during the period. SG Americas Securities LLC’s holdings in Sensient Technologies were worth $135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SXT. Vanguard Group Inc. raised its holdings in Sensient Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,389,711 shares of the specialty chemicals company’s stock worth $355,721,000 after buying an additional 64,683 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 valued at $89,683,000 after acquiring an additional 39,290 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Sensient Technologies by 5.4% during 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 acquiring an additional 27,967 shares during the period. SG Capital Management LLC lifted its position in shares of Sensient Technologies by 182.3% in the 1st quarter. SG Capital Management LLC now owns 280,176 shares of the specialty chemicals company’s stock valued at $19,385,000 after acquiring an additional 180,933 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Sensient Technologies by 2.7% in 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 purchasing an additional 5,400 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

SXT has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Sensient Technologies Price Performance

Shares of SXT opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 36.02 and a beta of 0.75. The business’s 50-day moving average is $76.68 and its 200-day moving average is $75.30. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two week high of $82.99.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Equities research analysts expect 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 will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. Sensient Technologies’s dividend payout ratio is 76.28%.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the transaction, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.