Sensient Technologies Corporation (SXT) Position Reduced by Clinton Group Inc.
Clinton Group Inc. lessened its holdings in Sensient Technologies Corporation (NYSE:SXT) by 15.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,950 shares of the specialty chemicals company’s stock after selling 4,136 shares during the quarter. Clinton Group Inc. owned approximately 0.05% of Sensient Technologies Corporation worth $1,768,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Voya Investment Management LLC raised its stake in Sensient Technologies Corporation by 9.7% in the second quarter. Voya Investment Management LLC now owns 20,961 shares of the specialty chemicals company’s stock valued at $1,688,000 after buying an additional 1,852 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in Sensient Technologies Corporation by 94.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 33,130 shares of the specialty chemicals company’s stock worth $2,668,000 after buying an additional 16,087 shares during the last quarter. Evercore Wealth Management LLC lifted its holdings in Sensient Technologies Corporation by 6.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 4,275 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 275 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sensient Technologies Corporation by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 951,438 shares of the specialty chemicals company’s stock worth $76,619,000 after buying an additional 3,310 shares during the last quarter. Finally, Mariner Wealth Advisors LLC purchased a new stake in Sensient Technologies Corporation during the 2nd quarter worth about $276,000. Institutional investors own 88.96% of the company’s stock.
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A number of research analysts have recently commented on the company. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Zacks Investment Research raised Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, June 23rd. BidaskClub cut Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Berenberg Bank assumed coverage on Sensient Technologies Corporation in a research note on Friday, September 22nd. They set a “buy” rating and a $88.30 target price for the company.
In related news, Director Joseph Carleone acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $75.32 per share, for a total transaction of $75,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.95% of the stock is currently owned by company insiders.
Shares of Sensient Technologies Corporation (NYSE:SXT) traded up 0.05% during mid-day trading on Tuesday, hitting $77.97. 9,835 shares of the stock traded hands. Sensient Technologies Corporation has a one year low of $68.51 and a one year high of $84.98. The stock has a market cap of $3.42 billion, a PE ratio of 31.40 and a beta of 1.09. The stock has a 50-day moving average of $74.08 and a 200 day moving average of $78.39.
Sensient Technologies Corporation (NYSE:SXT) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. Equities analysts predict that Sensient Technologies Corporation will post $3.42 EPS for the current fiscal year.
Sensient Technologies Corporation Profile
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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