Short Interest in Sensient Technologies Co. (NYSE:SXT) Decreases By 17.1%

Sensient Technologies Co. (NYSE:SXTGet Rating) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 815,100 shares, a decrease of 17.1% from the October 15th total of 983,500 shares. Based on an average daily volume of 167,400 shares, the days-to-cover ratio is presently 4.9 days. Currently, 2.0% of the company’s stock are sold short.

Sensient Technologies Trading Down 0.0 %

NYSE SXT opened at $72.43 on Monday. Sensient Technologies has a 12 month low of $63.17 and a 12 month high of $106.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.45 and a quick ratio of 1.49. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 21.95 and a beta of 0.89. The company’s fifty day moving average price is $71.75 and its two-hundred day moving average price is $78.94.

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

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.41 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.26%. Sensient Technologies’s payout ratio is currently 49.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, October 30th. Sidoti upgraded shares of Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday, October 10th. Finally, Robert W. Baird reduced their price objective on shares of Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, October 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in shares of Sensient Technologies by 614.7% in the 1st quarter. SG Americas Securities LLC now owns 26,287 shares of the specialty chemicals company’s stock worth $2,207,000 after acquiring an additional 22,609 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Sensient Technologies by 2.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 38,326 shares of the specialty chemicals company’s stock worth $3,217,000 after acquiring an additional 734 shares during the period. Simplex Trading LLC increased its holdings in shares of Sensient Technologies by 78,890.0% in the 1st quarter. Simplex Trading LLC now owns 7,899 shares of the specialty chemicals company’s stock worth $663,000 after acquiring an additional 7,889 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Sensient Technologies by 15.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 31,499 shares of the specialty chemicals company’s stock worth $2,644,000 after acquiring an additional 4,127 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Sensient Technologies in the 1st quarter worth about $419,000. 88.92% of the stock is currently owned by institutional investors.

Sensient Technologies Company Profile

(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

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