Boston Trust Walden Corp Trims Stake in Sensient Technologies Co. (NYSE:SXT)

Boston Trust Walden Corp decreased its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 527,060 shares of the specialty chemicals company’s stock after selling 13,305 shares during the period. Boston Trust Walden Corp owned approximately 1.24% of Sensient Technologies worth $42,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SXT. SG Capital Management LLC lifted its position in Sensient Technologies by 182.3% during the first quarter. SG Capital Management LLC now owns 280,176 shares of the specialty chemicals company’s stock valued at $19,385,000 after purchasing an additional 180,933 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sensient Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,389,711 shares of the specialty chemicals company’s stock worth $355,721,000 after acquiring an additional 64,683 shares during the last quarter. Algert Global LLC purchased a new position in Sensient Technologies in the second quarter worth $4,218,000. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 39,290 shares during the last quarter. Finally, Heartland Advisors Inc. raised its position in Sensient Technologies by 26.8% during the first quarter. Heartland Advisors Inc. now owns 170,459 shares of the specialty chemicals company’s stock valued at $11,794,000 after purchasing an additional 35,979 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total transaction of $142,160.00. Following the completion of the sale, the director now directly owns 15,162 shares in the company, valued at approximately $1,077,714.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SXT has been the topic of several recent research reports. Robert W. Baird increased their price objective on 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 cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Sensient Technologies Stock Performance

NYSE SXT opened at $77.55 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 36.07 and a beta of 0.75. The company has a 50-day simple moving average of $76.68 and a two-hundred day simple moving average of $75.32. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. Sensient Technologies Co. has a 12-month low of $55.02 and a 12-month high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. The business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. During the same period last year, the company earned $0.75 EPS. Sensient Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.11%. Sensient Technologies’s payout ratio is currently 76.28%.

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.