Janus Henderson Group PLC Sells 80,785 Shares of Sensient Technologies Corporation (SXT)
Janus Henderson Group PLC lessened its holdings in Sensient Technologies Corporation (NYSE:SXT) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,045,471 shares of the specialty chemicals company’s stock after selling 80,785 shares during the quarter. Janus Henderson Group PLC owned 7.00% of Sensient Technologies worth $234,258,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SXT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sensient Technologies by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after acquiring an additional 139 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Sensient Technologies by 118.2% in the second quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 1,400 shares during the period. Jane Street Group LLC bought a new stake in shares of Sensient Technologies in the third quarter valued at about $221,000. World Asset Management Inc boosted its position in shares of Sensient Technologies by 1.1% in the second quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock valued at $223,000 after acquiring an additional 30 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 119 shares during the period. 90.17% of the stock is owned by institutional investors.
Sensient Technologies Corporation (NYSE:SXT) traded down $1.33 during mid-day trading on Monday, reaching $75.47. The company had a trading volume of 174,900 shares, compared to its average volume of 157,844. The firm has a market capitalization of $3,281.13, a P/E ratio of 22.33, a PEG ratio of 2.57 and a beta of 1.08. Sensient Technologies Corporation has a fifty-two week low of $71.21 and a fifty-two week high of $84.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59.
Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $353.52 million during the quarter. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%. During the same period last year, the firm earned $0.83 EPS. analysts anticipate that Sensient Technologies Corporation will post 3.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 6th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 3rd. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.30. Sensient Technologies’s payout ratio is 54.55%.
Sensient Technologies declared that its Board of Directors has approved a stock buyback program on Thursday, October 19th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A number of brokerages have recently issued reports on SXT. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Berenberg Bank started coverage on Sensient Technologies in a research note on Friday, September 22nd. They issued a “buy” rating and a $88.30 price target for the company.
In related news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $75.15, for a total value of $50,125.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,187 shares of company stock valued at $316,125. 0.95% of the stock is owned by insiders.
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Sensient Technologies 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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