Oppenheimer Asset Management Inc. Invests $224,000 in Sensient Technologies Corporation (NYSE:SXT)

Oppenheimer Asset Management Inc. purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,011 shares of the specialty chemicals company's stock, valued at approximately $224,000.

Other large investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies during the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 248 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 563 shares during the last quarter. Quarry LP bought a new position in shares of Sensient Technologies during the fourth quarter valued at about $50,000. Finally, Covestor Ltd increased its holdings in shares of Sensient Technologies by 49.4% in the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock worth $66,000 after buying an additional 304 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,668 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the completion of the sale, the director directly owned 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 Trading Down 1.6%

Shares of NYSE:SXT traded down $1.71 during midday trading on Wednesday, hitting $102.28. 80,899 shares of the stock traded hands, compared to its average volume of 332,098. The company has a quick ratio of 1.74, a current ratio of 4.34 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $94.56 and its two-hundred day moving average is $80.52. The stock has a market capitalization of $4.34 billion, a PE ratio of 33.87 and a beta of 0.56. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $104.39.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly 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 12.14% and a net margin of 8.19%. Sensient Technologies's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, research analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, May 12th. Sensient Technologies's dividend payout ratio (DPR) is currently 54.30%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SXT. 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 report on Monday, April 28th. Wall Street Zen downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Finally, CJS Securities initiated coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price on the 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.