GAMMA Investing LLC Buys 32,190 Shares of Sensient Technologies Co. (NYSE:SXT)

GAMMA Investing LLC grew its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 17,213.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,377 shares of the specialty chemicals company's stock after acquiring an additional 32,190 shares during the period. GAMMA Investing LLC owned 0.08% of Sensient Technologies worth $2,410,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SXT. Kohmann Bosshard Financial Services LLC bought a new position in Sensient Technologies during the fourth quarter valued at about $25,000. Jones Financial Companies Lllp boosted its holdings in shares of Sensient Technologies by 18,766.7% during the 4th quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 563 shares during the period. Quarry LP bought a new stake in shares of Sensient Technologies during the 4th quarter worth $50,000. Covestor Ltd grew its stake in Sensient Technologies by 49.4% in the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 304 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Sensient Technologies by 152.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock worth $80,000 after acquiring an additional 678 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total value of $159,210.60. Following the sale, the director now directly owns 7,946 shares in the company, valued at $758,445.70. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

SXT has been the topic of several research analyst reports. CJS Securities initiated coverage on Sensient Technologies in a research report on Tuesday. They issued a "market perform" rating and a $95.00 price target on the stock. Robert W. Baird increased their target price on Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd.

Sensient Technologies Stock Performance

SXT traded down $0.13 on Friday, hitting $94.60. 337,716 shares of the stock traded hands, compared to its average volume of 226,492. The business has a fifty day moving average price of $88.35 and a two-hundred day moving average price of $78.72. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $4.02 billion, a PE ratio of 32.18 and a beta of 0.56. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $98.27.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $392.33 million during the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. On average, research analysts predict that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, May 12th. Sensient Technologies's payout ratio is 54.30%.

Sensient Technologies Company 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.