Sensient Technologies Co. (NYSE:SXT) Position Increased by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,664 shares of the specialty chemicals company’s stock after buying an additional 275 shares during the period. Diversified Trust Co’s holdings in Sensient Technologies were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. CWM LLC grew its position in Sensient Technologies by 30.5% in the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 364 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Sensient Technologies by 44,075.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 1,763 shares during the period. SG Americas Securities LLC purchased a new position in shares of Sensient Technologies in the first quarter worth approximately $203,000. Silvercrest Asset Management Group LLC acquired a new position in Sensient Technologies in the 1st quarter worth approximately $208,000. Finally, Janney Capital Management LLC purchased a new position in Sensient Technologies during the 4th quarter worth approximately $209,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of NYSE:SXT traded down $0.56 during trading on Wednesday, reaching $70.80. The stock had a trading volume of 1,129 shares, compared to its average volume of 195,028. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $75.77 and a two-hundred day simple moving average of $71.60. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 33.19 and a beta of 0.76. Sensient Technologies Co. has a 52 week low of $52.90 and a 52 week high of $82.99.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, August 5th. Sensient Technologies’s dividend payout ratio is currently 76.28%.

Analyst Ratings Changes

SXT has been the subject of several recent analyst reports. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price objective on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Insider Activity at Sensient Technologies

In related news, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $78,552.75. Following the transaction, the director now owns 20,789 shares of the company’s stock, valued at $1,574,766.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.