Sensient Technologies Co. (NYSE:SXT) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC lowered its position in shares of Sensient Technologies Co. (NYSE:SXT) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,828 shares of the specialty chemicals company’s stock after selling 154 shares during the quarter. Cable Hill Partners LLC’s holdings in Sensient Technologies were worth $227,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SXT. Quarry LP acquired a new stake in shares of Sensient Technologies during the second quarter worth $29,000. nVerses Capital LLC purchased a new stake in Sensient Technologies during the third quarter valued at about $72,000. Hantz Financial Services Inc. acquired a new stake in Sensient Technologies during the second quarter worth about $129,000. Blue Trust Inc. raised its holdings in shares of Sensient Technologies by 2,753.7% in the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 1,845 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Sensient Technologies in the 1st quarter worth about $203,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Down 1.5 %

Shares of NYSE SXT opened at $78.00 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. Sensient Technologies Co. has a 1 year low of $55.02 and a 1 year high of $82.99. The stock’s 50-day simple moving average is $77.47 and its 200-day simple moving average is $76.17. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 37.32 and a beta of 0.76.

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

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Insiders Place Their Bets

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SXT. StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Sensient Technologies Company 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.