Sensient Technologies Co. (SXT) Shares Bought by Rhumbline Advisers
Rhumbline Advisers lifted its position in Sensient Technologies Co. (NYSE:SXT) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,202 shares of the specialty chemicals company’s stock after acquiring an additional 2,082 shares during the period. Rhumbline Advisers’ holdings in Sensient Technologies were worth $9,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of SXT. Eagle Asset Management Inc. boosted its position in shares of Sensient Technologies by 2.8% during the 1st quarter. Eagle Asset Management Inc. now owns 891,481 shares of the specialty chemicals company’s stock worth $60,433,000 after acquiring an additional 24,243 shares in the last quarter. First National Bank of Omaha lifted its position in Sensient Technologies by 1.4% during the 1st quarter. First National Bank of Omaha now owns 23,949 shares of the specialty chemicals company’s stock worth $1,624,000 after acquiring an additional 336 shares during the period. SG Americas Securities LLC lifted its position in Sensient Technologies by 81.2% during the 1st quarter. SG Americas Securities LLC now owns 64,616 shares of the specialty chemicals company’s stock worth $4,380,000 after acquiring an additional 28,962 shares during the period. Quadrant Capital Group LLC acquired a new stake in Sensient Technologies during the 1st quarter worth approximately $61,000. Finally, Ellis Investment Partners LLC acquired a new stake in Sensient Technologies during the 1st quarter worth approximately $75,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on SXT. Zacks Investment Research raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Saturday, May 4th. Seaport Global Securities began coverage on Sensient Technologies in a research report on Thursday, February 21st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.00.
Shares of SXT stock opened at $70.15 on Monday. The company has a market cap of $2.97 billion, a PE ratio of 19.76 and a beta of 1.07. Sensient Technologies Co. has a 12-month low of $51.93 and a 12-month high of $78.40. The company has a quick ratio of 1.81, a current ratio of 4.18 and a debt-to-equity ratio of 0.78.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $347.50 million during the quarter, compared to the consensus estimate of $348.80 million. Sensient Technologies had a return on equity of 17.10% and a net margin of 11.03%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. On average, equities research analysts expect that Sensient Technologies Co. will post 3.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 9th. Sensient Technologies’s dividend payout ratio (DPR) is 40.56%.
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Sensient Technologies Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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