Quarry LP Acquires New Holdings in Sensient Technologies Co. (NYSE:SXT)

Quarry LP bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the second quarter, HoldingsChannel reports. The firm bought 386 shares of the specialty chemicals company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds also recently modified their holdings of SXT. Hantz Financial Services Inc. acquired a new stake in shares of Sensient Technologies during the second quarter valued at $129,000. SG Americas Securities LLC acquired a new position in shares of Sensient Technologies in the first quarter valued at approximately $203,000. Silvercrest Asset Management Group LLC purchased a new position in shares of Sensient Technologies during the first quarter valued at approximately $208,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Sensient Technologies during the second quarter worth approximately $214,000. Finally, Rothschild Investment LLC purchased a new stake in Sensient Technologies in the 2nd quarter worth approximately $236,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Activity at Sensient Technologies

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the sale, the director now owns 15,162 shares of the company’s stock, valued at $1,077,714.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Sensient Technologies Stock Down 1.4 %

Shares of SXT opened at $76.43 on Tuesday. Sensient Technologies Co. has a fifty-two week low of $52.90 and a fifty-two week high of $82.99. The company’s fifty day moving average is $75.38 and its two-hundred day moving average is $74.48. The firm has a market cap of $3.24 billion, a PE ratio of 35.55 and a beta of 0.75. 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 (NYSE:SXT) last issued its earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share for the quarter. The firm had revenue of $403.53 million for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. Analysts forecast that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, August 5th. Sensient Technologies’s dividend payout ratio (DPR) is presently 76.28%.

Wall Street Analyst Weigh In

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