Teachers Retirement System of The State of Kentucky lowered its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 10.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,800 shares of the specialty chemicals company’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sensient Technologies Corporation were worth $697,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in SXT. Renaissance Technologies LLC boosted its stake in shares of Sensient Technologies Corporation by 10.0% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the specialty chemicals company’s stock valued at $4,330,000 after buying an additional 5,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Sensient Technologies Corporation during the fourth quarter valued at about $269,000. Norges Bank bought a new stake in shares of Sensient Technologies Corporation during the fourth quarter valued at about $28,068,000. Teachers Advisors LLC boosted its stake in shares of Sensient Technologies Corporation by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 73,211 shares of the specialty chemicals company’s stock valued at $5,753,000 after buying an additional 1,776 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Sensient Technologies Corporation by 40.9% in the fourth quarter. Macquarie Group Ltd. now owns 38,600 shares of the specialty chemicals company’s stock valued at $3,033,000 after buying an additional 11,200 shares in the last quarter. 88.47% of the stock is owned by institutional investors.
Shares of Sensient Technologies Corporation (NYSE SXT) opened at 74.08 on Friday. The stock has a market capitalization of $3.25 billion, a PE ratio of 29.83 and a beta of 1.07. Sensient Technologies Corporation has a 12 month low of $68.51 and a 12 month high of $84.98. The company’s 50-day moving average is $78.25 and its 200-day moving average is $79.53.
Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. Equities research analysts expect that Sensient Technologies Corporation will post $3.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.
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A number of analysts recently weighed in on the stock. BidaskClub cut shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
In other Sensient Technologies Corporation news, Director Joseph Carleone purchased 1,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $75.32 per share, for a total transaction of $75,320.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.95% of the stock is currently owned by company insiders.
About Sensient Technologies Corporation
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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