Dimensional Fund Advisors LP lifted its stake in Sensient Technologies Corporation (NYSE:SXT – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,046,850 shares of the specialty chemicals company’s stock after acquiring an additional 22,793 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sensient Technologies were worth $90,494,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its position in shares of Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 174 shares during the period. Farther Finance Advisors LLC lifted its stake in Sensient Technologies by 313.5% during the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 232 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Sensient Technologies in the 4th quarter valued at about $33,000. Advisors Asset Management Inc. increased its stake in Sensient Technologies by 53.1% during the fourth quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 139 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Sensient Technologies during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Sensient Technologies Price Performance
Shares of NYSE:SXT opened at $122.28 on Thursday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $131.04. The stock has a market cap of $5.21 billion, a PE ratio of 32.96 and a beta of 0.78. The business’s fifty day moving average price is $117.35 and its two-hundred day moving average price is $104.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39.
Sensient Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s payout ratio is presently 44.20%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on SXT. UBS Group lifted their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Rothschild & Co Redburn began coverage on Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Robert W. Baird lifted their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings upgraded Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $140.00.
View Our Latest Analysis on Sensient Technologies
Insiders Place Their Bets
In other Sensient Technologies news, VP Thierry Hoang sold 439 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85. Following the transaction, the vice president owned 14,309 shares of the company’s stock, valued at $1,633,372.35. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.
Sensient Technologies Company Profile
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.
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