Boston Trust Walden Corp Sells 5,938 Shares of Sensient Technologies Corporation (NYSE:SXT)

Boston Trust Walden Corp cut its position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 513,134 shares of the specialty chemicals company's stock after selling 5,938 shares during the quarter. Boston Trust Walden Corp owned 1.21% of Sensient Technologies worth $38,193,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Freemont Capital Pte Ltd bought a new position in Sensient Technologies in the fourth quarter valued at approximately $449,288,000. Congress Asset Management Co. bought a new position in Sensient Technologies in the first quarter valued at approximately $49,984,000. Norges Bank bought a new position in Sensient Technologies in the fourth quarter valued at approximately $45,757,000. Marshall Wace LLP bought a new position in Sensient Technologies in the fourth quarter valued at approximately $24,490,000. Finally, Wealthfront Advisers LLC bought a new position in Sensient Technologies in the fourth quarter valued at approximately $7,270,000. 90.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. CJS Securities assumed coverage on Sensient Technologies in a research note on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target for the company. Wall Street Zen downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Finally, Robert W. Baird raised their price target on Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.

Sensient Technologies Stock Performance

SXT opened at $96.40 on Friday. Sensient Technologies Corporation has a 12-month low of $66.15 and a 12-month high of $98.27. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 31.92 and a beta of 0.56. The business has a 50 day moving average of $90.75 and a 200-day moving average of $79.33. The company has a quick ratio of 1.74, a current ratio of 4.34 and a debt-to-equity ratio of 0.62.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The company had revenue of $392.33 million during the quarter, compared to analysts' expectations of $387.70 million. During the same period last year, the firm posted $0.73 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.70%. Sensient Technologies's payout ratio is 54.30%.

Insider Activity

In related news, Director Mario Ferruzzi sold 1,668 shares of Sensient Technologies stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the completion of the sale, the director now directly owns 7,946 shares of the company's stock, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Sensient Technologies Profile

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.

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