Shelton Capital Management raised its stake in Sensient Technologies Corporation (NYSE:SXT) by 43.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,000 shares of the specialty chemicals company’s stock after buying an additional 5,130 shares during the period. Shelton Capital Management’s holdings in Sensient Technologies Corporation were worth $1,347,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Sensient Technologies Corporation by 22,190.3% in the first quarter. BlackRock Inc. now owns 4,553,467 shares of the specialty chemicals company’s stock worth $360,908,000 after buying an additional 4,533,039 shares in the last quarter. Norges Bank bought a new position in Sensient Technologies Corporation during the fourth quarter worth $28,068,000. Vanguard Group Inc. boosted its position in Sensient Technologies Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,145,433 shares of the specialty chemicals company’s stock worth $328,567,000 after buying an additional 256,125 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Sensient Technologies Corporation during the first quarter worth approximately $17,712,000. Finally, Thrivent Financial for Lutherans boosted its position in Sensient Technologies Corporation by 295.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 278,750 shares of the specialty chemicals company’s stock worth $21,904,000 after buying an additional 208,330 shares in the last quarter. Institutional investors and hedge funds own 88.98% of the company’s stock.
Shares of Sensient Technologies Corporation (SXT) traded up 1.34% during trading on Friday, reaching $81.51. The company’s stock had a trading volume of 91,087 shares. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.55. The company has a market capitalization of $3.61 billion, a PE ratio of 33.58 and a beta of 1.09. The stock has a 50 day moving average of $80.85 and a 200-day moving average of $79.65.
Sensient Technologies Corporation (NYSE:SXT) last issued its earnings results on Tuesday, April 25th. The specialty chemicals company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The business had revenue of $341.40 million for the quarter. Sensient Technologies Corporation had a return on equity of 17.16% and a net margin of 7.83%. During the same period last year, the business posted $0.75 earnings per share. On average, analysts expect that Sensient Technologies Corporation will post $3.41 earnings per share for the current year.
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Separately, Zacks Investment Research raised Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, June 23rd.
About Sensient Technologies Corporation
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.
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