Boston Trust Walden Corp Sells 15,394 Shares of Sensient Technologies Corporation $SXT

Key Points

• Boston Trust Walden cut its Sensient Technologies stake by 5.1%, selling 15,394 shares in the third quarter and retaining 287,046 shares valued at about $37.5 million. Institutional investors and hedge funds own 90.86% of the stock.
• Sensient reported quarterly EPS of $1.13, topping the $1.09 consensus, while revenue rose 10.6% year over year to $455.84 million, slightly below estimates. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $139.67.
• The company announced a quarterly dividend of $0.41 per share, equivalent to $1.64 annually and a 1.4% yield.

Boston Trust Walden Corp decreased its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,046 shares of the specialty chemicals company's stock after selling 15,394 shares during the period. Boston Trust Walden Corp owned about 0.67% of Sensient Technologies worth $37,523,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SXT. Moody National Bank Trust Division boosted its position in Sensient Technologies by 0.8% during the 3rd quarter. Moody National Bank Trust Division now owns 12,555 shares of the specialty chemicals company's stock valued at $1,641,000 after purchasing an additional 100 shares during the period. Tower View Wealth Management LLC grew its position in shares of Sensient Technologies by 0.9% during the third quarter. Tower View Wealth Management LLC now owns 17,902 shares of the specialty chemicals company's stock worth $2,340,000 after acquiring an additional 158 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Sensient Technologies by 8.2% in the 3rd quarter. Vise Technologies Inc. now owns 2,387 shares of the specialty chemicals company's stock worth $312,000 after acquiring an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sensient Technologies in the 2nd quarter worth about $26,000. Finally, Silvant Capital Management LLC bought a new stake in Sensient Technologies in the 2nd quarter valued at about $27,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on SXT shares. Weiss Ratings cut shares of Sensient Technologies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, October 23rd. Wall Street Zen cut Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. Robert W. Baird lifted their price target on Sensient Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, July 27th. UBS Group reduced their price objective on Sensient Technologies from $157.00 to $154.00 and set a "buy" rating for the company in a research report on Monday. Finally, Zacks Research lowered Sensient Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.67.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $119.62 on Friday. The firm's 50 day simple moving average is $130.27 and its 200-day simple moving average is $114.08. The company has a market cap of $5.09 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 1.52. Sensient Technologies Corporation has a fifty-two week low of $82.60 and a fifty-two week high of $138.82.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.04. Sensient Technologies had a return on equity of 14.08% and a net margin of 9.69%. The company had revenue of $455.84 million for the quarter, compared to analysts' expectations of $459.05 million. During the same quarter in the previous year, the business posted $0.96 EPS. The business's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts predict that Sensient Technologies Corporation will post 4.20 EPS for the current year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 9th. Sensient Technologies's dividend payout ratio (DPR) is 41.31%.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient's product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.

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