State Board of Administration of Florida Retirement System Boosts Position in Sensient Technologies Co. (NYSE:SXT)

State Board of Administration of Florida Retirement System boosted its stake in Sensient Technologies Co. (NYSE:SXTGet Rating) by 74.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,536 shares of the specialty chemicals company’s stock after buying an additional 7,467 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Sensient Technologies were worth $1,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SXT. Winder Investment Pte Ltd raised its holdings in Sensient Technologies by 20.8% in the 2nd quarter. Winder Investment Pte Ltd now owns 6,304,914 shares of the specialty chemicals company’s stock valued at $507,924,000 after buying an additional 1,085,879 shares during the period. First Trust Advisors LP raised its holdings in Sensient Technologies by 21.4% in the 1st quarter. First Trust Advisors LP now owns 768,621 shares of the specialty chemicals company’s stock valued at $64,526,000 after buying an additional 135,641 shares during the period. Lombard Odier Asset Management Europe Ltd raised its holdings in Sensient Technologies by 981.0% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 128,147 shares of the specialty chemicals company’s stock valued at $10,758,000 after buying an additional 116,293 shares during the period. Renaissance Technologies LLC purchased a new stake in Sensient Technologies in the 1st quarter valued at about $8,840,000. Finally, Granite Investment Partners LLC purchased a new stake in Sensient Technologies in the 2nd quarter valued at about $5,461,000. 88.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SXT has been the topic of several research analyst reports. StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Sunday, October 30th. Sidoti raised Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Monday, October 10th. Finally, Robert W. Baird dropped their target price on Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, October 24th.

Sensient Technologies Stock Performance

NYSE SXT opened at $71.51 on Thursday. The company has a market cap of $3.01 billion, a P/E ratio of 21.67 and a beta of 0.89. 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 stock has a 50-day moving average of $71.39 and a two-hundred day moving average of $78.70. Sensient Technologies Co. has a 1-year low of $63.17 and a 1-year high of $106.32.

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

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, November 4th. Sensient Technologies’s dividend payout ratio is presently 49.70%.

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

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