Sensient Technologies Corporation $SXT Stock Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Sensient Technologies Corporation (NYSE:SXT) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,369 shares of the specialty chemicals company’s stock after purchasing an additional 415 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Sensient Technologies were worth $332,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 248 shares during the last quarter. Principal Financial Group Inc. lifted its position in Sensient Technologies by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company’s stock valued at $16,442,000 after purchasing an additional 5,011 shares during the last quarter. Pacific Capital Partners Ltd bought a new stake in Sensient Technologies in the 2nd quarter valued at about $985,000. Oppenheimer Asset Management Inc. acquired a new position in Sensient Technologies during the 1st quarter valued at about $224,000. Finally, American Century Companies Inc. raised its position in shares of Sensient Technologies by 88.7% during the 1st quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock worth $951,000 after buying an additional 6,008 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Performance

Shares of SXT opened at $96.13 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The firm’s 50 day moving average is $103.21 and its 200-day moving average is $99.35. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54. The stock has a market capitalization of $4.08 billion, a P/E ratio of 30.33 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same period in the previous year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

SXT has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Sensient Technologies Profile

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.