9,400 Shares of Sensient Technologies Corporation $SXT Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,400 shares of the specialty chemicals company’s stock, valued at approximately $1,229,000.

Other hedge funds also recently modified their holdings of the company. Tower View Wealth Management LLC increased its stake in Sensient Technologies by 0.9% during the 3rd quarter. Tower View Wealth Management LLC now owns 17,902 shares of the specialty chemicals company’s stock worth $2,340,000 after purchasing an additional 158 shares in the last quarter. Gibbs Wealth Management raised its holdings in Sensient Technologies by 6.4% during the 3rd quarter. Gibbs Wealth Management now owns 9,817 shares of the specialty chemicals company’s stock worth $1,283,000 after buying an additional 591 shares during the period. Sterling Capital Management LLC lifted its stake in Sensient Technologies by 842.4% in the third quarter. Sterling Capital Management LLC now owns 1,423 shares of the specialty chemicals company’s stock valued at $186,000 after buying an additional 1,272 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Sensient Technologies by 36.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,723 shares of the specialty chemicals company’s stock valued at $225,000 after buying an additional 464 shares in the last quarter. Finally, Abel Hall LLC bought a new position in Sensient Technologies in the third quarter valued at approximately $256,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Insider Activity at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total transaction of $155,376.00. Following the completion of the transaction, the director directly owned 7,352 shares in the company, valued at $951,936.96. This represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SXT shares. UBS Group reduced their price target on shares of Sensient Technologies from $157.00 to $154.00 and set a “buy” rating for the company in a report on Monday. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Zacks Research lowered shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird upped their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.67.

Sensient Technologies Stock Up 0.4%

NYSE:SXT opened at $118.07 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The company has a market cap of $5.03 billion, a PE ratio of 29.74 and a beta of 0.84. Sensient Technologies Corporation has a 52-week low of $82.60 and a 52-week high of $138.82. The stock has a 50-day simple moving average of $131.27 and a 200 day simple moving average of $113.72.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business had revenue of $455.84 million during the quarter, compared to the consensus estimate of $459.05 million. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Sensient Technologies Corporation will post 4.20 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 9th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 9th. Sensient Technologies’s dividend payout ratio is currently 41.31%.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.