Sensient Technologies Co. (NYSE:SXT) Shares Purchased by Texas Permanent School Fund

Texas Permanent School Fund increased its position in shares of Sensient Technologies Co. (NYSE:SXTGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,381 shares of the specialty chemicals company’s stock after purchasing an additional 587 shares during the period. Texas Permanent School Fund owned 0.07% of Sensient Technologies worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in Sensient Technologies by 5.1% during the first quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock worth $216,000 after purchasing an additional 124 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Sensient Technologies by 2.0% during the first quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock worth $547,000 after buying an additional 127 shares during the period. CWM LLC boosted its stake in Sensient Technologies by 16.4% during the second quarter. CWM LLC now owns 936 shares of the specialty chemicals company’s stock worth $75,000 after buying an additional 132 shares during the period. First Republic Investment Management Inc. boosted its stake in Sensient Technologies by 2.4% during the first quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock worth $561,000 after buying an additional 156 shares during the period. Finally, Brown Advisory Inc. boosted its stake in Sensient Technologies by 2.7% during the first quarter. Brown Advisory Inc. now owns 7,700 shares of the specialty chemicals company’s stock worth $646,000 after buying an additional 200 shares during the period. 88.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SXT. StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, October 30th. Robert W. Baird lowered their target price on shares of Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Finally, Sidoti raised shares of Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Monday, October 10th.

Sensient Technologies Trading Down 0.0 %

NYSE SXT opened at $72.43 on Monday. The firm has a 50 day simple moving average of $71.75 and a 200-day simple moving average of $78.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.45. Sensient Technologies Co. has a one year low of $63.17 and a one year high of $106.32. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 21.95 and a beta of 0.89.

Sensient Technologies (NYSE:SXTGet Rating) last posted its quarterly earnings data on Friday, October 21st. The specialty chemicals company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Sensient Technologies had a net margin of 9.73% and a return on equity of 14.93%. The business had revenue of $361.10 million during the quarter, compared to analyst estimates of $364.28 million. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.41 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.26%. Sensient Technologies’s dividend payout ratio (DPR) is 49.70%.

About Sensient Technologies

(Get Rating)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

Further Reading

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

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