Segall Bryant & Hamill LLC Cuts Stock Position in Sensient Technologies Co. (NYSE:SXT)

Segall Bryant & Hamill LLC lowered its holdings in Sensient Technologies Co. (NYSE:SXT) by 16.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 356,501 shares of the specialty chemicals company’s stock after selling 72,718 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.84% of Sensient Technologies worth $28,599,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SXT. Dimensional Fund Advisors LP increased its holdings in Sensient Technologies by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after buying an additional 39,290 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock valued at $40,211,000 after purchasing an additional 27,967 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Sensient Technologies by 2.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock valued at $15,304,000 after purchasing an additional 5,400 shares during the last quarter. Robeco Schweiz AG raised its holdings in Sensient Technologies by 12.1% during the second quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock worth $8,357,000 after purchasing an additional 12,150 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Sensient Technologies by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 93,226 shares of the specialty chemicals company’s stock worth $6,916,000 after buying an additional 6,621 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the sale, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $76.45 on Wednesday. The firm’s fifty day simple moving average is $77.64 and its 200-day simple moving average is $76.27. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 36.58 and a beta of 0.76.

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

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.41 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.15%. Sensient Technologies’s payout ratio is currently 78.47%.

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.