Price T Rowe Associates Inc. MD Purchases 200 Shares of Sensient Technologies Co. (NYSE:SXT)

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Price T Rowe Associates Inc. MD increased its position in Sensient Technologies Co. (NYSE:SXT) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,713 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Sensient Technologies were worth $1,375,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SXT. Krane Funds Advisors LLC bought a new position in Sensient Technologies in the second quarter worth approximately $58,000. Point72 Hong Kong Ltd bought a new position in Sensient Technologies in the second quarter worth approximately $172,000. Stanley Laman Group Ltd. bought a new position in Sensient Technologies in the second quarter worth approximately $196,000. Wealthsource Partners LLC bought a new position in Sensient Technologies in the second quarter worth approximately $201,000. Finally, Rothschild Investment Corp IL bought a new position in Sensient Technologies in the second quarter worth approximately $209,000. 96.94% of the stock is currently owned by institutional investors.

Shares of NYSE SXT opened at $64.99 on Friday. The company has a current ratio of 4.17, a quick ratio of 1.80 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.72 billion, a PE ratio of 18.31 and a beta of 0.99. The stock’s fifty day simple moving average is $66.61 and its two-hundred day simple moving average is $69.08. Sensient Technologies Co. has a 12-month low of $51.93 and a 12-month high of $78.40.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 19th. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $339.20 million for the quarter, compared to the consensus estimate of $361.20 million. Sensient Technologies had a net margin of 10.87% and a return on equity of 16.15%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. On average, equities analysts predict that Sensient Technologies Co. will post 3.11 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Sensient Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 18th. Finally, Sidoti assumed coverage on Sensient Technologies in a research note on Tuesday, September 24th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.00.

Sensient Technologies Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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

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