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

GAMMA Investing LLC boosted its position in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 17,213.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,377 shares of the specialty chemicals company's stock after purchasing an additional 32,190 shares during the quarter. GAMMA Investing LLC owned 0.08% of Sensient Technologies worth $2,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SXT. Van ECK Associates Corp grew its holdings in Sensient Technologies by 64.1% during the fourth quarter. Van ECK Associates Corp now owns 4,489 shares of the specialty chemicals company's stock valued at $320,000 after purchasing an additional 1,753 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Sensient Technologies by 4.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,458 shares of the specialty chemicals company's stock valued at $1,957,000 after purchasing an additional 1,081 shares during the period. Principal Financial Group Inc. grew its holdings in Sensient Technologies by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock valued at $15,385,000 after purchasing an additional 6,984 shares during the period. Olympiad Research LP grew its holdings in Sensient Technologies by 22.5% during the fourth quarter. Olympiad Research LP now owns 3,806 shares of the specialty chemicals company's stock valued at $271,000 after purchasing an additional 698 shares during the period. Finally, Robeco Schweiz AG grew its holdings in Sensient Technologies by 34.9% during the fourth quarter. Robeco Schweiz AG now owns 158,329 shares of the specialty chemicals company's stock valued at $11,283,000 after purchasing an additional 40,989 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Insider Buying and Selling

In related news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $95.45, for a total transaction of $159,210.60. Following the completion of the transaction, the director now owns 7,946 shares in the company, valued at approximately $758,445.70. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Sensient Technologies Stock Down 0.0%

Shares of Sensient Technologies stock traded down $0.03 on Monday, hitting $94.72. The company had a trading volume of 320,394 shares, compared to its average volume of 227,902. The firm has a market capitalization of $4.02 billion, a P/E ratio of 32.22 and a beta of 0.56. Sensient Technologies Co. has a twelve month low of $66.15 and a twelve month high of $98.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The stock has a 50-day moving average of $89.39 and a 200-day moving average of $78.98.

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

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend 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.