Sensient Technologies Co. (NYSE:SXT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Sensient Technologies Co. (NYSE:SXT) by 2.8% in the third quarter, HoldingsChannel.com reports. The firm owned 24,182 shares of the specialty chemicals company’s stock after selling 692 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sensient Technologies were worth $1,939,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SXT. Van ECK Associates Corp boosted its holdings in shares of Sensient Technologies by 5.2% in the 2nd quarter. Van ECK Associates Corp now owns 3,680 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 183 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Sensient Technologies by 2.1% during the second quarter. Arizona State Retirement System now owns 10,076 shares of the specialty chemicals company’s stock worth $748,000 after purchasing an additional 206 shares during the last quarter. Diversified Trust Co increased its position in shares of Sensient Technologies by 2.4% during the second quarter. Diversified Trust Co now owns 11,664 shares of the specialty chemicals company’s stock worth $865,000 after purchasing an additional 275 shares in the last quarter. Quarry LP purchased a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $29,000. Finally, Inspire Investing LLC boosted its position in shares of Sensient Technologies by 8.3% in the 3rd quarter. Inspire Investing LLC now owns 5,147 shares of the specialty chemicals company’s stock valued at $413,000 after purchasing an additional 393 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sensient Technologies

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

Analysts Set New Price Targets

SXT has been the subject of a number of research reports. StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Robert W. Baird upped their price target 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.

Sensient Technologies Price Performance

Shares of SXT opened at $75.67 on Friday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 36.21 and a beta of 0.75. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two week high of $82.99. The firm has a 50-day simple moving average of $77.00 and a 200-day simple moving average of $75.56. 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 (NYSE:SXT) last announced its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share 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 company had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.17%. Sensient Technologies’s payout ratio is currently 78.47%.

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.