Shelton Capital Management boosted its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 43.2% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 institutional investors have also recently modified their holdings of the stock. Westwood Holdings Group Inc. boosted its position in shares of Sensient Technologies Corporation by 35.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 608,132 shares of the specialty chemicals company’s stock valued at $47,787,000 after buying an additional 159,729 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of 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 valued at $21,904,000 after buying an additional 208,330 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Sensient Technologies Corporation during the fourth quarter valued at approximately $7,197,000. Summit Global Investments purchased a new position in shares of Sensient Technologies Corporation during the fourth quarter valued at approximately $456,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Sensient Technologies Corporation by 0.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,053 shares of the specialty chemicals company’s stock valued at $2,283,000 after buying an additional 179 shares during the last quarter. Institutional investors own 89.34% of the company’s stock.
Shares of Sensient Technologies Corporation (NYSE SXT) traded down 0.10% during trading on Monday, hitting $81.78. 108,568 shares of the stock traded hands. The company has a market cap of $3.62 billion, a P/E ratio of 33.70 and a beta of 1.06. The stock has a 50-day moving average of $80.94 and a 200 day moving average of $79.57. Sensient Technologies Corporation has a 1-year low of $67.40 and a 1-year high of $84.55.
Sensient Technologies Corporation (NYSE:SXT) last issued its earnings results on Tuesday, April 25th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Sensient Technologies Corporation had a net margin of 7.83% and a return on equity of 17.16%. The firm had revenue of $341.40 million for the quarter. During the same quarter in the prior year, the business posted $0.75 EPS. On average, equities research analysts predict that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, May 10th. Sensient Technologies Corporation’s dividend payout ratio is 49.59%.
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Separately, Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, June 2nd.
Sensient Technologies Corporation Company 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.
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