State Board of Administration of Florida Retirement System lifted its holdings in Sensient Technologies Co. (NYSE:SXT) by 14.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,697 shares of the specialty chemicals company’s stock after acquiring an additional 3,156 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Sensient Technologies worth $1,966,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its stake in shares of Sensient Technologies by 2.1% in the second quarter. Mutual of America Capital Management LLC now owns 36,346 shares of the specialty chemicals company’s stock valued at $2,601,000 after acquiring an additional 741 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sensient Technologies by 54.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock valued at $164,000 after acquiring an additional 808 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Sensient Technologies by 14.6% in the second quarter. OppenheimerFunds Inc. now owns 6,446 shares of the specialty chemicals company’s stock valued at $461,000 after acquiring an additional 820 shares in the last quarter. Zebra Capital Management LLC grew its stake in shares of Sensient Technologies by 16.1% in the second quarter. Zebra Capital Management LLC now owns 6,079 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 841 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Sensient Technologies by 19.1% in the second quarter. Flinton Capital Management LLC now owns 5,404 shares of the specialty chemicals company’s stock valued at $387,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 99.35% of the company’s stock.

Several equities analysts recently commented on SXT shares. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, September 18th. Berenberg Bank set a $82.00 price objective on shares of Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, KeyCorp cut their price objective on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.75.

SXT opened at $66.11 on Monday. Sensient Technologies Co. has a twelve month low of $60.72 and a twelve month high of $78.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.30 and a quick ratio of 1.80. The stock has a market cap of $2.79 billion, a P/E ratio of 19.33 and a beta of 0.88.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The business had revenue of $342.73 million during the quarter. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that Sensient Technologies Co. will post 3.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be given a dividend of $0.36 per share. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.44 annualized dividend and a yield of 2.18%. Sensient Technologies’s dividend payout ratio is currently 42.11%.

In other news, Director Gebhardt Deborah Mckeithan acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of $64.02 per share, with a total value of $128,040.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

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Sensient Technologies Company 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.

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

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