Mutual of America Capital Management LLC Reduces Holdings in Sensient Technologies Corporation $SXT

Mutual of America Capital Management LLC lowered its position in Sensient Technologies Corporation (NYSE:SXT) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,454 shares of the specialty chemicals company’s stock after selling 715 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sensient Technologies were worth $537,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Private Trust Co. NA acquired a new position in shares of Sensient Technologies in the second quarter worth about $29,000. GAMMA Investing LLC increased its holdings in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 248 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at approximately $89,000. Russell Investments Group Ltd. raised its position in shares of Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock valued at $94,000 after purchasing an additional 433 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Sensient Technologies during the 1st quarter valued at approximately $119,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Sensient Technologies Stock Performance

Shares of NYSE SXT opened at $95.05 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $102.35 and its two-hundred day moving average price is $100.09. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The stock has a market capitalization of $4.04 billion, a P/E ratio of 29.98 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same quarter last year, the business posted $0.77 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

About Sensient Technologies

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.