Silvercrest Asset Management Group LLC Makes New $208,000 Investment in Sensient Technologies Co. (NYSE:SXT)

Silvercrest Asset Management Group LLC bought a new position in Sensient Technologies Co. (NYSE:SXT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,000 shares of the specialty chemicals company’s stock, valued at approximately $208,000.

Other large investors have also bought and sold shares of the company. CWM LLC grew its stake in shares of Sensient Technologies by 30.5% in the fourth quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 364 shares during the period. TFO Wealth Partners LLC grew its stake in shares of Sensient Technologies by 44,075.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 1,763 shares during the period. SG Americas Securities LLC bought a new stake in shares of Sensient Technologies in the first quarter worth approximately $203,000. Janney Capital Management LLC bought a new stake in shares of Sensient Technologies in the fourth quarter worth approximately $209,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in Sensient Technologies during the fourth quarter valued at approximately $244,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sensient Technologies news, Director Essie Whitelaw sold 1,037 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $75.75, for a total value of $78,552.75. Following the completion of the transaction, the director now directly owns 20,789 shares in the company, valued at $1,574,766.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Performance

SXT opened at $78.05 on Thursday. The firm has a market cap of $3.31 billion, a P/E ratio of 36.30 and a beta of 0.76. Sensient Technologies Co. has a 1-year low of $52.90 and a 1-year high of $82.99. The company has a 50 day simple moving average of $76.37 and a two-hundred day simple moving average of $70.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th will be given a $0.41 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Sensient Technologies’s payout ratio is currently 76.28%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird boosted 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. StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

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.