Diversified Trust Co Acquires 275 Shares of Sensient Technologies Co. (NYSE:SXT)

Diversified Trust Co raised its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,664 shares of the specialty chemicals company’s stock after purchasing an additional 275 shares during the quarter. Diversified Trust Co’s holdings in Sensient Technologies were worth $865,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SXT. SG Americas Securities LLC lifted its position in shares of Sensient Technologies by 170.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,926 shares of the specialty chemicals company’s stock worth $588,000 after purchasing an additional 4,993 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Sensient Technologies by 9.9% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,081 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 638 shares during the last quarter. SG Capital Management LLC boosted 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 in the last quarter. Tidal Investments LLC purchased a new position in Sensient Technologies in the first quarter valued at about $400,000. Finally, Silvercrest Asset Management Group LLC bought a new position in Sensient Technologies in the first quarter worth about $208,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

SXT stock traded down $0.56 during trading on Wednesday, hitting $70.80. 1,129 shares of the company traded hands, compared to its average volume of 195,028. The company has a market cap of $3.00 billion, a PE ratio of 33.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72. The stock’s 50-day simple moving average is $75.77 and its 200 day simple moving average is $71.60. Sensient Technologies Co. has a 1 year low of $52.90 and a 1 year high of $82.99.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, August 5th. Sensient Technologies’s payout ratio is 76.28%.

Insiders Place Their Bets

In related news, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $78,552.75. Following the completion of the sale, the director now directly owns 20,789 shares in the company, valued at $1,574,766.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

SXT has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

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.