Victory Capital Management Inc. cut its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 33.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,196 shares of the specialty chemicals company’s stock after selling 2,584 shares during the period. Victory Capital Management Inc.’s holdings in Sensient Technologies were worth $450,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SXT. Point72 Hong Kong Ltd acquired a new position in shares of Sensient Technologies in the first quarter valued at approximately $30,000. Pflug Koory LLC acquired a new position in Sensient Technologies in the 2nd quarter valued at $61,000. Stephenson National Bank & Trust bought a new position in Sensient Technologies during the 2nd quarter worth $61,000. Valley National Advisers Inc. lifted its holdings in shares of Sensient Technologies by 7,333.3% during the first quarter. Valley National Advisers Inc. now owns 1,115 shares of the specialty chemicals company’s stock worth $87,000 after buying an additional 1,100 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Sensient Technologies by 24.1% in the first quarter. Captrust Financial Advisors now owns 1,869 shares of the specialty chemicals company’s stock valued at $146,000 after acquiring an additional 363 shares during the period. Institutional investors own 89.64% of the company’s stock.
In other Sensient Technologies news, major shareholder Winder Investment Pte Ltd acquired 35,824 shares of the company’s stock in a transaction that occurred on Wednesday, September 15th. The stock was acquired at an average cost of $93.01 per share, for a total transaction of $3,331,990.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 226,141 shares of company stock valued at $20,242,951 in the last three months. 0.86% of the stock is owned by insiders.
SXT stock opened at $91.40 on Friday. The company has a market cap of $3.85 billion, a PE ratio of 33.48 and a beta of 0.94. The company has a quick ratio of 1.77, a current ratio of 3.60 and a debt-to-equity ratio of 0.51. Sensient Technologies Co. has a 52 week low of $54.47 and a 52 week high of $93.85. The business has a 50-day simple moving average of $86.97 and a 200 day simple moving average of $84.54.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Thursday, July 22nd. The specialty chemicals company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $335.80 million during the quarter, compared to the consensus estimate of $315.81 million. Sensient Technologies had a net margin of 8.55% and a return on equity of 13.40%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, analysts anticipate that Sensient Technologies Co. will post 3.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Monday, August 2nd were paid a $0.39 dividend. The ex-dividend date was Friday, July 30th. This represents a $1.56 annualized dividend and a dividend yield of 1.71%. Sensient Technologies’s payout ratio is 55.91%.
Sensient Technologies Company Profile
Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group; Color Group; and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.
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