Strs Ohio Sells 4,500 Shares of Sensient Technologies Co. (NYSE:SXT)

Strs Ohio reduced its position in Sensient Technologies Co. (NYSE:SXT) by 26.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the specialty chemicals company’s stock after selling 4,500 shares during the quarter. Strs Ohio’s holdings in Sensient Technologies were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SXT. FMR LLC boosted its position in shares of Sensient Technologies by 16,513.9% during the first quarter. FMR LLC now owns 172,452 shares of the specialty chemicals company’s stock worth $11,691,000 after acquiring an additional 171,414 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Sensient Technologies by 24.1% during the first quarter. Captrust Financial Advisors now owns 1,869 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 363 shares during the last quarter. Jane Street Group LLC bought a new position in Sensient Technologies during the first quarter valued at $315,000. D. E. Shaw & Co. Inc. lifted its position in Sensient Technologies by 662.1% during the first quarter. D. E. Shaw & Co. Inc. now owns 53,655 shares of the specialty chemicals company’s stock valued at $4,185,000 after purchasing an additional 46,615 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Sensient Technologies by 7.8% during the first quarter. Millennium Management LLC now owns 16,590 shares of the specialty chemicals company’s stock valued at $1,294,000 after purchasing an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 5th.

In other news, major shareholder Winder Investment Pte Ltd bought 22,608 shares of Sensient Technologies stock in a transaction dated Friday, August 27th. The shares were acquired at an average price of $87.35 per share, with a total value of $1,974,808.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 436,820 shares of company stock worth $39,557,510. Insiders own 0.86% of the company’s stock.

SXT stock traded down $0.36 during trading on Thursday, hitting $102.50. 144,535 shares of the company’s stock traded hands, compared to its average volume of 226,354. Sensient Technologies Co. has a 52 week low of $69.96 and a 52 week high of $106.32. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 37.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.55 and a current ratio of 3.29. The business has a fifty day simple moving average of $95.52 and a 200 day simple moving average of $89.89.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Thursday, October 14th. The specialty chemicals company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Sensient Technologies had a net margin of 8.49% and a return on equity of 13.59%. The business had revenue of $344.30 million for the quarter, compared to the consensus estimate of $327.60 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that Sensient Technologies Co. will post 3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Monday, November 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 29th. This represents a $1.64 annualized dividend and a dividend yield of 1.60%. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.39. Sensient Technologies’s dividend payout ratio is currently 59.64%.

Sensient Technologies Profile

Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group; Color Group; and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.

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

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