Public Employees Retirement Association of Colorado Has $570,000 Stake in Sensient Technologies Corporation (SXT)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,408 shares of the specialty chemicals company’s stock after selling 670 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sensient Technologies Corporation were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sensient Technologies Corporation by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 139 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Sensient Technologies Corporation by 118.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 1,400 shares during the period. World Asset Management Inc boosted its holdings in shares of Sensient Technologies Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 30 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Sensient Technologies Corporation by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after buying an additional 119 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its holdings in shares of Sensient Technologies Corporation by 8.4% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,184 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 248 shares during the period. Institutional investors own 88.58% of the company’s stock.

In other Sensient Technologies Corporation news, Director Fergus M. Clydesdale sold 2,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total value of $152,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.95% of the stock is owned by corporate insiders.

Several analysts recently issued reports on SXT shares. KeyCorp reaffirmed a “buy” rating and set a $90.00 price objective on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank started coverage on shares of Sensient Technologies Corporation in a report on Friday, September 22nd. They set a “buy” rating and a $88.30 price objective for the company. Finally, BidaskClub downgraded shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.

Shares of Sensient Technologies Corporation (NYSE SXT) opened at $75.40 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59. The stock has a market cap of $3,239.82, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.54 and a beta of 1.08. Sensient Technologies Corporation has a 1-year low of $71.21 and a 1-year high of $84.98.

Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Sensient Technologies Corporation had a net margin of 7.89% and a return on equity of 17.34%. The firm had revenue of $353.52 million during the quarter. During the same period last year, the company earned $0.83 earnings per share. analysts anticipate that Sensient Technologies Corporation will post 3.41 earnings per share for the current year.

Sensient Technologies Corporation announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 6th will be issued a $0.33 dividend. The ex-dividend date is Friday, November 3rd. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.75%. Sensient Technologies Corporation’s dividend payout ratio is 54.55%.

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Sensient Technologies Corporation Company Profile

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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Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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