Sensient Technologies Corporation (SXT) Shares Bought by Marshall Wace North America L.P.
Marshall Wace North America L.P. raised its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 89.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 96,867 shares of the specialty chemicals company’s stock after buying an additional 45,743 shares during the period. Marshall Wace North America L.P. owned about 0.22% of Sensient Technologies Corporation worth $7,846,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in SXT. Tower Research Capital LLC TRC boosted its position in Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 1,691 shares during the period. Airain ltd acquired a new position in Sensient Technologies Corporation during the first quarter valued at $202,000. World Asset Management Inc boosted its position in Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 11 shares during the period. Nomura Holdings Inc. acquired a new position in Sensient Technologies Corporation during the first quarter valued at $235,000. Finally, Dubuque Bank & Trust Co. boosted its position in Sensient Technologies Corporation by 8.4% in the second quarter. Dubuque Bank & Trust Co. now owns 3,184 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 248 shares during the period. 89.59% of the stock is currently owned by institutional investors.
Sensient Technologies Corporation (NYSE:SXT) opened at 72.15 on Monday. The stock has a market cap of $3.16 billion, a PE ratio of 29.06 and a beta of 1.07. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The firm’s 50-day moving average price is $76.23 and its 200 day moving average price is $79.24.
Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The business had revenue of $338.48 million for the quarter. Equities research analysts expect that Sensient Technologies Corporation will post $3.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio (DPR) is currently 48.39%.
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Several research firms have weighed in on SXT. Zacks Investment Research cut Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub cut Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $90.00 target price on shares of Sensient Technologies Corporation in a research note on Thursday.
In other news, Director Joseph Carleone purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is currently owned by corporate insiders.
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.
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