Principal Financial Group Inc. Boosts Position in Sensient Technologies Corporation (SXT)
Principal Financial Group Inc. increased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,080 shares of the specialty chemicals company’s stock after acquiring an additional 6,924 shares during the period. Principal Financial Group Inc. owned approximately 0.42% of Sensient Technologies Corporation worth $15,065,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Sensient Technologies Corporation by 5,636.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock worth $136,000 after acquiring an additional 1,691 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sensient Technologies Corporation by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 139 shares in the last quarter. Airain ltd bought a new stake in Sensient Technologies Corporation during the first quarter worth about $202,000. World Asset Management Inc boosted its stake in Sensient Technologies Corporation by 0.4% during the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock worth $217,000 after acquiring an additional 11 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Sensient Technologies Corporation during the first quarter worth about $235,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
In other Sensient Technologies Corporation news, Director Joseph Carleone bought 1,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $75.32 per share, for a total transaction of $75,320.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.95% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, June 2nd. BidaskClub lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
Shares of Sensient Technologies Corporation (SXT) opened at 74.90 on Tuesday. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 30.17 and a beta of 1.08. The company’s 50-day moving average is $73.43 and its 200 day moving average is $78.61.
Sensient Technologies Corporation (NYSE:SXT) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. The company had revenue of $338.48 million for the quarter. Equities analysts anticipate that Sensient Technologies Corporation will post $3.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, August 2nd. Sensient Technologies Corporation’s payout ratio is 48.39%.
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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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