Sensient Technologies Co. (SXT) Holdings Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its holdings in Sensient Technologies Co. (NYSE:SXT) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,467 shares of the specialty chemicals company’s stock after buying an additional 26,785 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.82% of Sensient Technologies worth $24,933,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its stake in Sensient Technologies by 3.1% in the first quarter. BlackRock Inc. now owns 4,904,218 shares of the specialty chemicals company’s stock valued at $346,140,000 after buying an additional 145,209 shares during the period. Victory Capital Management Inc. lifted its stake in Sensient Technologies by 79.9% in the second quarter. Victory Capital Management Inc. now owns 994,997 shares of the specialty chemicals company’s stock valued at $71,192,000 after buying an additional 441,987 shares during the period. Dimensional Fund Advisors LP lifted its stake in Sensient Technologies by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 988,507 shares of the specialty chemicals company’s stock valued at $69,769,000 after buying an additional 16,816 shares during the period. Champlain Investment Partners LLC raised its position in shares of Sensient Technologies by 232.9% during the first quarter. Champlain Investment Partners LLC now owns 933,930 shares of the specialty chemicals company’s stock worth $65,917,000 after purchasing an additional 653,380 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Sensient Technologies by 30.5% during the second quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after purchasing an additional 192,741 shares during the period. 95.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:SXT opened at $72.16 on Friday. The company has a current ratio of 4.16, a quick ratio of 1.83 and a debt-to-equity ratio of 0.90. Sensient Technologies Co. has a twelve month low of $65.56 and a twelve month high of $80.98. The company has a market cap of $3.04 billion, a PE ratio of 20.34 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 3rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, August 2nd. Sensient Technologies’s payout ratio is 38.60%.
SXT has been the topic of a number of research reports. Zacks Investment Research lowered Sensient Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a research report on Wednesday, July 25th. Finally, ValuEngine raised Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.58.
Sensient Technologies Profile
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
Featured Story: Do You Need a Fiduciary?
Want to see what other hedge funds are holding SXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensient Technologies Co. (NYSE:SXT).
Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.