Geode Capital Management LLC Sells 1,487 Shares of Sensient Technologies Co. (NYSE:SXT)

Geode Capital Management LLC lessened its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 448,375 shares of the specialty chemicals company’s stock after selling 1,487 shares during the period. Geode Capital Management LLC owned about 1.06% of Sensient Technologies worth $25,041,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SXT. Atlanta Capital Management Co. L L C lifted its position in shares of Sensient Technologies by 169.0% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,045,995 shares of the specialty chemicals company’s stock valued at $170,119,000 after acquiring an additional 1,913,638 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Sensient Technologies by 3,829.5% in the fourth quarter. First Trust Advisors LP now owns 443,911 shares of the specialty chemicals company’s stock valued at $24,792,000 after purchasing an additional 432,614 shares in the last quarter. Norges Bank purchased a new stake in shares of Sensient Technologies in the fourth quarter valued at $18,749,000. Ceredex Value Advisors LLC purchased a new stake in shares of Sensient Technologies in the fourth quarter valued at $13,880,000. Finally, Nicholas Company Inc. lifted its holdings in shares of Sensient Technologies by 131.4% in the fourth quarter. Nicholas Company Inc. now owns 184,835 shares of the specialty chemicals company’s stock valued at $10,323,000 after purchasing an additional 104,945 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

A number of research firms have recently issued reports on SXT. TheStreet upgraded Sensient Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, June 18th. Zacks Investment Research upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Saturday, May 4th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $75.00.

Shares of NYSE SXT traded down $0.19 during mid-day trading on Monday, reaching $73.29. The company had a trading volume of 186,249 shares, compared to its average volume of 246,647. Sensient Technologies Co. has a twelve month low of $51.93 and a twelve month high of $78.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.18 and a quick ratio of 1.81. The firm has a market capitalization of $3.11 billion, a PE ratio of 20.65 and a beta of 1.04. The stock has a 50 day simple moving average of $71.46.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The firm had revenue of $347.50 million for the quarter, compared to the consensus estimate of $348.80 million. Sensient Technologies had a net margin of 11.03% and a return on equity of 17.10%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Sell-side analysts forecast that Sensient Technologies Co. will post 3.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 9th. Sensient Technologies’s dividend payout ratio is 40.56%.

In other Sensient Technologies news, VP Thierry Hoang sold 357 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $72.37, for a total transaction of $25,836.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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