Thrivent Financial for Lutherans Sells 39,307 Shares of Sensient Technologies Corporation $SXT

Thrivent Financial for Lutherans trimmed its holdings in Sensient Technologies Corporation (NYSE:SXT) by 55.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,600 shares of the specialty chemicals company’s stock after selling 39,307 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Sensient Technologies worth $2,966,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bank of Montreal Can boosted its position in Sensient Technologies by 1.3% during the second quarter. Bank of Montreal Can now owns 8,418 shares of the specialty chemicals company’s stock worth $829,000 after purchasing an additional 111 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of Sensient Technologies by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,478 shares of the specialty chemicals company’s stock worth $1,229,000 after buying an additional 113 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sensient Technologies by 19.3% during the 3rd quarter. GAMMA Investing LLC now owns 878 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 142 shares during the period. Nisa Investment Advisors LLC grew its stake in Sensient Technologies by 15.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,042 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 143 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Sensient Technologies by 3.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock valued at $443,000 after acquiring an additional 146 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Stock Up 2.6%

Shares of SXT opened at $100.03 on Tuesday. The company has a current ratio of 4.59, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60. Sensient Technologies Corporation has a 12 month low of $67.61 and a 12 month high of $121.54. The firm’s 50 day moving average is $95.41 and its 200-day moving average is $99.95. The stock has a market capitalization of $4.25 billion, a PE ratio of 30.59 and a beta of 0.58.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 3rd will be given a $0.41 dividend. The ex-dividend date is Tuesday, February 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.6%. Sensient Technologies’s dividend payout ratio (DPR) is presently 50.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SXT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. Zacks Research upgraded Sensient Technologies to a “hold” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling

In related news, Director Essie Whitelaw sold 3,985 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $95.02, for a total transaction of $378,654.70. Following the completion of the sale, the director owned 17,128 shares of the company’s stock, valued at $1,627,502.56. This represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.