Sensient Technologies Corp. (NYSE:SXT) shares saw strong trading volume on Friday . 284,192 shares were traded during trading, an increase of 6% from the previous session’s volume of 268,257 shares.The stock last traded at $69.59 and had previously closed at $68.89.

Separately, Zacks Investment Research cut Sensient Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, April 23rd.

The stock’s 50 day moving average price is $69.68 and its 200 day moving average price is $63.63. The stock has a market capitalization of $3.12 billion and a PE ratio of 29.60.

Sensient Technologies Corp. (NYSE:SXT) last issued its earnings results on Tuesday, April 19th. The company reported $0.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.75. During the same quarter in the previous year, the business posted $0.76 EPS. The firm earned $342.50 million during the quarter, compared to analyst estimates of $345.20 million. Equities analysts anticipate that Sensient Technologies Corp. will post $3.20 earnings per share for the current year.

In related news, CFO Stephen J. Rolfs sold 915 shares of Sensient Technologies Corp. stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $67.83, for a total value of $62,064.45. Following the transaction, the chief financial officer now owns 111,356 shares in the company, valued at $7,553,277.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other hedge funds and institutional investors have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Sensient Technologies Corp. by 45.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 28,441 shares of the company’s stock worth $1,787,000 after buying an additional 8,922 shares during the last quarter. New York State Common Retirement Fund raised its position in Sensient Technologies Corp. by 4.7% in the fourth quarter. New York State Common Retirement Fund now owns 58,431 shares of the company’s stock valued at $3,671,000 after buying an additional 2,637 shares during the period. American Century Companies Inc. raised its position in Sensient Technologies Corp. by 245.8% in the fourth quarter. American Century Companies Inc. now owns 60,110 shares of the company’s stock valued at $3,776,000 after buying an additional 42,725 shares during the period. California State Teachers Retirement System raised its position in Sensient Technologies Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 86,654 shares of the company’s stock valued at $5,444,000 after buying an additional 1,400 shares during the period. Finally, Rhumbline Advisers raised its position in Sensient Technologies Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 97,226 shares of the company’s stock valued at $6,108,000 after buying an additional 1,875 shares during the period.

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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