Synovus Financial Corp continued to hold its stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,624 shares of the specialty chemicals company’s stock at the close of the second quarter. Synovus Financial Corp’s holdings in Sensient Technologies Corporation were worth $292,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Sensient Technologies Corporation by 22,190.3% in the 1st quarter. BlackRock Inc. now owns 4,553,467 shares of the specialty chemicals company’s stock valued at $360,908,000 after buying an additional 4,533,039 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sensient Technologies Corporation by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,145,433 shares of the specialty chemicals company’s stock valued at $328,567,000 after buying an additional 256,125 shares in the last quarter. State Street Corp grew its holdings in shares of Sensient Technologies Corporation by 1.1% during the 1st quarter. State Street Corp now owns 1,428,490 shares of the specialty chemicals company’s stock valued at $113,220,000 after purchasing an additional 15,130 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Sensient Technologies Corporation by 0.4% during the 1st quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock valued at $107,637,000 after purchasing an additional 5,490 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its holdings in shares of Sensient Technologies Corporation by 13.8% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 769,474 shares of the specialty chemicals company’s stock valued at $60,988,000 after purchasing an additional 93,026 shares during the last quarter. Institutional investors own 89.59% of the company’s stock.

Shares of Sensient Technologies Corporation (NYSE SXT) opened at 72.56 on Friday. Sensient Technologies Corporation has a one year low of $68.51 and a one year high of $84.98. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 29.22 and a beta of 1.08. The company’s 50 day moving average is $73.61 and its 200 day moving average is $78.87.

Sensient Technologies Corporation (NYSE:SXT) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. Equities research analysts predict that Sensient Technologies Corporation will post $3.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.

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In related news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.95% of the company’s stock.

Several brokerages recently issued reports on SXT. Zacks Investment Research lowered shares of Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Sensient Technologies Corporation in a report on Thursday, August 24th.

About Sensient Technologies Corporation

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.

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

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