Tyers Asset Management LLC boosted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 102.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,564 shares of the specialty chemicals company’s stock after purchasing an additional 1,804 shares during the quarter. Tyers Asset Management LLC’s holdings in Sensient Technologies were worth $252,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of Sensient Technologies in the 4th quarter worth approximately $129,000. Flinton Capital Management LLC bought a new stake in shares of Sensient Technologies in the 4th quarter worth approximately $164,000. Advisor Group Inc. lifted its position in shares of Sensient Technologies by 89.6% in the 4th quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock worth $169,000 after acquiring an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Sensient Technologies by 44.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after acquiring an additional 782 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Sensient Technologies in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.
In related news, Director Gebhardt Deborah Mckeithan bought 1,000 shares of the company’s stock in a transaction dated Monday, April 30th. The stock was acquired at an average cost of $68.19 per share, with a total value of $68,190.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.94% of the company’s stock.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.01). Sensient Technologies had a return on equity of 17.67% and a net margin of 8.32%. The company had revenue of $356.50 million during the quarter, compared to analyst estimates of $351.31 million. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts forecast that Sensient Technologies Co. will post 3.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a $0.33 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. Sensient Technologies’s payout ratio is presently 38.60%.
SXT has been the subject of a number of research reports. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, February 12th. Zacks Investment Research downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 24th. TheStreet downgraded Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded Sensient Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Four investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Sensient Technologies currently has an average rating of “Hold” and an average target price of $87.58.
About Sensient Technologies
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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