HGK Asset Management Inc. Has $247,000 Position in Sensient Technologies Corporation (SXT)
HGK Asset Management Inc. maintained its position in Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,068 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. HGK Asset Management Inc.’s holdings in Sensient Technologies Corporation were worth $247,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in Sensient Technologies Corporation by 6.3% during the first quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock worth $2,475,000 after buying an additional 1,840 shares during the period. Wellington Management Group LLP lifted its holdings in Sensient Technologies Corporation by 0.4% during the first quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock worth $107,637,000 after buying an additional 5,490 shares during the period. Principal Financial Group Inc. lifted its holdings in Sensient Technologies Corporation by 2.3% during the first quarter. Principal Financial Group Inc. now owns 180,156 shares of the specialty chemicals company’s stock worth $14,279,000 after buying an additional 3,997 shares during the period. Legal & General Group Plc lifted its holdings in Sensient Technologies Corporation by 14.6% during the first quarter. Legal & General Group Plc now owns 42,448 shares of the specialty chemicals company’s stock worth $3,364,000 after buying an additional 5,408 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Sensient Technologies Corporation by 58.8% during the second quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock worth $43,316,000 after buying an additional 199,123 shares during the period. Institutional investors own 89.59% of the company’s stock.
Shares of Sensient Technologies Corporation (SXT) opened at 73.0168 on Wednesday. The firm’s 50-day moving average price is $73.53 and its 200-day moving average price is $78.81. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 29.4067 and a beta of 1.08. Sensient Technologies Corporation has a 12-month low of $68.51 and a 12-month high of $84.98.
Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. On average, analysts forecast that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.62%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is 48.39%.
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In other Sensient Technologies Corporation news, Director Joseph Carleone purchased 1,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $75.32 per share, for a total transaction of $75,320.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.95% of the company’s stock.
SXT has been the subject of a number of analyst reports. KeyCorp restated a “buy” rating and set a $90.00 target price on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Zacks Investment Research upgraded Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, June 2nd. Finally, BidaskClub lowered Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Sensient Technologies Corporation Profile
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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