Sensient Technologies Co. (NYSE:SXT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Sensient Technologies Co. (NYSE:SXTFree Report) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,938 shares of the specialty chemicals company’s stock after purchasing an additional 18,235 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Sensient Technologies worth $8,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Sensient Technologies by 3.7% in the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock worth $135,902,000 after buying an additional 60,622 shares in the last quarter. Barclays PLC raised its position in Sensient Technologies by 309.3% in the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock worth $6,197,000 after acquiring an additional 58,386 shares in the last quarter. Algert Global LLC acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $4,218,000. Dimensional Fund Advisors LP boosted its position in shares of Sensient Technologies by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after purchasing an additional 39,290 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Sensient Technologies by 124.0% in the 3rd quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company’s stock worth $4,751,000 after purchasing an additional 32,784 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

View Our Latest Report on SXT

Sensient Technologies Stock Up 1.8 %

Shares of Sensient Technologies stock opened at $69.50 on Wednesday. Sensient Technologies Co. has a 12-month low of $55.02 and a 12-month high of $82.99. The firm has a market capitalization of $2.94 billion, a PE ratio of 33.25 and a beta of 0.77. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $75.42 and its 200-day moving average is $75.98.

Sensient Technologies (NYSE:SXTGet Free Report) last posted its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.36%. The ex-dividend date was Monday, November 4th. Sensient Technologies’s payout ratio is 78.47%.

Insider Buying and Selling at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now owns 36,518 shares in the company, valued at $2,938,968.64. This represents a 9.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Sensient Technologies Company Profile

(Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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

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