Eaton Vance Management increased its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,958 shares of the specialty chemicals company’s stock after purchasing an additional 3,258 shares during the quarter. Eaton Vance Management owned 0.16% of Sensient Technologies worth $5,046,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in Sensient Technologies by 1,383.5% in the second quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock worth $204,000 after acquiring an additional 42,666 shares in the last quarter. Handelsinvest Investeringsforvaltning raised its position in Sensient Technologies by 4.2% in the third quarter. Handelsinvest Investeringsforvaltning now owns 125,000 shares of the specialty chemicals company’s stock worth $9,564,000 after acquiring an additional 5,000 shares in the last quarter. Standard Life Aberdeen plc raised its position in Sensient Technologies by 0.9% in the second quarter. Standard Life Aberdeen plc now owns 985,706 shares of the specialty chemicals company’s stock worth $70,532,000 after acquiring an additional 8,946 shares in the last quarter. Gryphon Financial Partners LLC purchased a new position in Sensient Technologies in the third quarter worth $302,000. Finally, American International Group Inc. raised its position in Sensient Technologies by 1.1% in the third quarter. American International Group Inc. now owns 113,406 shares of the specialty chemicals company’s stock worth $8,677,000 after acquiring an additional 1,261 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Gebhardt Deborah Mckeithan purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 22nd. The stock was acquired at an average price of $64.02 per share, for a total transaction of $128,040.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.
SXT has been the subject of several research analyst reports. KeyCorp cut their price objective on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, October 22nd. ValuEngine cut Sensient Technologies from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. TheStreet upgraded Sensient Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, September 18th. Finally, Berenberg Bank set a $82.00 price objective on Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.75.
Shares of SXT stock opened at $60.01 on Friday. Sensient Technologies Co. has a fifty-two week low of $59.80 and a fifty-two week high of $78.40. The firm has a market capitalization of $2.63 billion, a PE ratio of 17.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.30 and a quick ratio of 1.80.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Sensient Technologies had a return on equity of 18.43% and a net margin of 9.92%. The business had revenue of $342.73 million during the quarter. During the same quarter in the prior year, the business earned $0.89 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sensient Technologies Co. will post 3.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 5th were given a $0.36 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s dividend payout ratio (DPR) is currently 42.11%.
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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