Mutual of America Capital Management LLC Has $511,000 Stake in Sensient Technologies Co. (NYSE:SXT)

Mutual of America Capital Management LLC reduced its position in shares of Sensient Technologies Co. (NYSE:SXT) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,374 shares of the specialty chemicals company’s stock after selling 590 shares during the period. Mutual of America Capital Management LLC’s holdings in Sensient Technologies were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP bought a new position in Sensient Technologies during the 3rd quarter worth $345,000. State of New Jersey Common Pension Fund D increased its position in shares of Sensient Technologies by 5.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 26,377 shares of the specialty chemicals company’s stock worth $2,116,000 after purchasing an additional 1,332 shares during the period. Olympiad Research LP acquired a new position in Sensient Technologies in the third quarter valued at about $249,000. Harbor Capital Advisors Inc. lifted its position in Sensient Technologies by 10.6% during the third quarter. Harbor Capital Advisors Inc. now owns 13,036 shares of the specialty chemicals company’s stock worth $1,046,000 after purchasing an additional 1,253 shares during the period. Finally, US Bancorp DE lifted its position in Sensient Technologies by 6.1% during the third quarter. US Bancorp DE now owns 6,355 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 366 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Insider Activity at Sensient Technologies

In related 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 completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Sensient Technologies Stock Down 1.5 %

NYSE:SXT opened at $77.99 on Wednesday. Sensient Technologies Co. has a one year low of $55.02 and a one year 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 company has a market cap of $3.30 billion, a PE ratio of 37.32 and a beta of 0.76. The firm’s 50 day simple moving average is $77.90 and its 200 day simple moving average is $76.33.

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

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s payout ratio is presently 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.