Sensient Technologies Corporation (NYSE:SXT) Shares Bought by Strs Ohio

Strs Ohio increased its holdings in Sensient Technologies Corporation (NYSE:SXT) by 16.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 75,200 shares of the specialty chemicals company’s stock after buying an additional 10,400 shares during the quarter. Strs Ohio owned about 0.17% of Sensient Technologies Corporation worth $5,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 valued at $143,000 after acquiring an additional 139 shares during the period. Acrospire Investment Management LLC raised 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 acquiring an additional 1,400 shares in the last quarter. World Asset Management Inc raised 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 acquiring an additional 30 shares in the last quarter. Public Employees Retirement System of Ohio raised 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 acquiring an additional 119 shares in the last quarter. Finally, Dubuque Bank & Trust Co. increased its position 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 valued at $256,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.

In other news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Essie Whitelaw sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $75.00, for a total value of $114,000.00. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.

Sensient Technologies Corporation (NYSE SXT) traded up $0.88 during trading on Tuesday, reaching $75.40. 377,100 shares of the company’s stock traded hands, compared to its average volume of 156,650. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59. Sensient Technologies Corporation has a 12-month low of $71.21 and a 12-month high of $84.98. The firm has a market capitalization of $3,239.82, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.08.

Sensient Technologies Corporation (NYSE:SXT) last announced its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $353.52 million for the quarter. During the same quarter in the prior year, the company earned $0.83 earnings per share. analysts predict that Sensient Technologies Corporation will post 3.41 EPS for the current fiscal year.

Sensient Technologies Corporation announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 19th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign 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. Stockholders of record on Monday, November 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, November 3rd. This is a positive change from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. Sensient Technologies Corporation’s payout ratio is currently 54.55%.

A number of equities research analysts recently weighed in on SXT shares. KeyCorp restated a “buy” rating and set a $90.00 price objective on shares of Sensient Technologies Corporation in a research note on Thursday, August 24th. Zacks Investment Research upgraded Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Berenberg Bank started coverage on Sensient Technologies Corporation in a report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price target on the stock. Finally, BidaskClub lowered Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.

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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.

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

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