Harbor Capital Advisors Inc. Reduces Stake in Sensient Technologies Co. (NYSE:SXT)

Harbor Capital Advisors Inc. lowered its position in Sensient Technologies Co. (NYSE:SXT) by 43.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,783 shares of the specialty chemicals company’s stock after selling 9,059 shares during the period. Harbor Capital Advisors Inc.’s holdings in Sensient Technologies were worth $874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in Sensient Technologies by 30.5% in the fourth quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 364 shares during the period. TFO Wealth Partners LLC grew its stake in Sensient Technologies by 44,075.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 1,763 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Sensient Technologies during the first quarter valued at $203,000. Silvercrest Asset Management Group LLC bought a new stake in Sensient Technologies in the first quarter worth about $208,000. Finally, Janney Capital Management LLC acquired a new stake in shares of Sensient Technologies during the 4th quarter valued at $209,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Stock Down 1.9 %

NYSE SXT traded down $1.40 during trading on Wednesday, hitting $70.60. 64,210 shares of the company traded hands, compared to its average volume of 197,874. The company has a market capitalization of $2.99 billion, a P/E ratio of 33.49 and a beta of 0.76. Sensient Technologies Co. has a 12 month low of $52.90 and a 12 month high of $82.99. The company has a current ratio of 4.16, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $76.27 and a 200 day simple moving average of $71.27.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued a $0.41 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.64 annualized dividend and a yield of 2.32%. Sensient Technologies’s dividend payout ratio is currently 76.28%.

Analyst Upgrades and Downgrades

SXT has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Insider Transactions at Sensient Technologies

In related news, Director Essie Whitelaw sold 1,037 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $78,552.75. Following the completion of the transaction, the director now owns 20,789 shares in the company, valued at $1,574,766.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.