First Trust Advisors LP Purchases 2,444 Shares of Sensient Technologies Corporation (SXT)
First Trust Advisors LP raised its position in Sensient Technologies Corporation (NYSE:SXT) by 28.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,122 shares of the specialty chemicals company’s stock after purchasing an additional 2,444 shares during the period. First Trust Advisors LP’s holdings in Sensient Technologies were worth $856,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SXT. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sensient Technologies by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after purchasing an additional 139 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Sensient Technologies by 118.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 1,400 shares during the period. World Asset Management Inc lifted its holdings in shares of Sensient Technologies by 1.1% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock worth $223,000 after acquiring an additional 30 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Sensient Technologies by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after acquiring an additional 119 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Sensient Technologies by 4.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the specialty chemicals company’s stock worth $273,000 after acquiring an additional 149 shares during the period. Institutional investors own 90.17% of the company’s stock.
In related news, Director Essie Whitelaw sold 1,520 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $75.00, for a total transaction of $114,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. Insiders have sold 4,187 shares of company stock valued at $316,125 in the last three months. Corporate insiders own 0.95% of the company’s stock.
Shares of Sensient Technologies Corporation (SXT) traded down $0.70 during trading hours on Wednesday, reaching $76.50. 129,300 shares of the company’s stock traded hands, compared to its average volume of 157,465. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies Corporation has a one year low of $71.21 and a one year high of $84.98. The firm has a market capitalization of $3,356.34, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. The company had revenue of $353.52 million during the quarter. During the same period last year, the business earned $0.83 EPS. equities research analysts anticipate that Sensient Technologies Corporation will post 3.41 EPS for the current year.
Sensient Technologies declared that its Board of Directors has initiated a stock buyback program on Thursday, October 19th that permits the company to buyback 3,000,000 outstanding shares. This buyback authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 6th were given a $0.33 dividend. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.32 annualized dividend and a yield of 1.73%. Sensient Technologies’s dividend payout ratio (DPR) is 54.55%.
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About Sensient Technologies
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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