SG Americas Securities LLC Buys 5,927 Shares of Sensient Technologies Corporation (SXT)

SG Americas Securities LLC boosted its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 63.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,297 shares of the specialty chemicals company’s stock after purchasing an additional 5,927 shares during the period. SG Americas Securities LLC’s holdings in Sensient Technologies Corporation were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Sensient Technologies Corporation by 6.3% during the first quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock worth $2,475,000 after purchasing an additional 1,840 shares in the last quarter. Wellington Management Group LLP grew its stake in Sensient Technologies Corporation by 0.4% during the 1st quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock valued at $107,637,000 after acquiring an additional 5,490 shares in the last quarter. Principal Financial Group Inc. grew its stake in Sensient Technologies Corporation by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 180,156 shares of the specialty chemicals company’s stock valued at $14,279,000 after acquiring an additional 3,997 shares in the last quarter. Legal & General Group Plc grew its stake in Sensient Technologies Corporation by 14.6% during the 1st quarter. Legal & General Group Plc now owns 42,448 shares of the specialty chemicals company’s stock valued at $3,364,000 after acquiring an additional 5,408 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Sensient Technologies Corporation by 8.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 279,491 shares of the specialty chemicals company’s stock valued at $22,153,000 after acquiring an additional 22,744 shares in the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.

In other Sensient Technologies Corporation news, Director Joseph Carleone acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $75.32 per share, for a total transaction of $75,320.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, June 23rd. Finally, BidaskClub lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

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Shares of Sensient Technologies Corporation (SXT) traded down 0.57% during mid-day trading on Friday, hitting $74.83. 547,923 shares of the company traded hands. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 30.14 and a beta of 1.08. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The firm has a 50-day moving average price of $73.42 and a 200 day moving average price of $78.67.

Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities research analysts anticipate that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Sensient Technologies Corporation’s payout ratio is 48.39%.

Sensient Technologies Corporation Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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