Public Sector Pension Investment Board Purchases 28,783 Shares of Sensient Technologies Corporation $SXT

Key Points

• The Public Sector Pension Investment Board increased its stake in Sensient Technologies Corporation by 27.3%, owning 134,325 shares valued at approximately $10 million.
• Sensient Technologies reported a quarterly EPS of $0.94, surpassing analysts' expectations, with revenues reaching $414.23 million.
• The company announced a $0.41 quarterly dividend, resulting in a dividend yield of 1.4% for shareholders.

Public Sector Pension Investment Board boosted its holdings in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,325 shares of the specialty chemicals company's stock after acquiring an additional 28,783 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Sensient Technologies worth $9,998,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SXT. GAMMA Investing LLC increased its position in shares of Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 248 shares during the period. Quarry LP purchased a new position in Sensient Technologies in the 4th quarter worth about $50,000. CWM LLC increased its stake in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock worth $141,000 after purchasing an additional 150 shares in the last quarter. State of Wyoming increased its stake in Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after purchasing an additional 662 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Sensient Technologies in the 4th quarter worth about $155,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Stock Down 0.5%

Shares of NYSE:SXT traded down $0.60 on Monday, reaching $117.65. The company had a trading volume of 210,217 shares, compared to its average volume of 359,848. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The stock has a 50-day moving average price of $106.58 and a 200 day moving average price of $89.49. The stock has a market capitalization of $5.00 billion, a P/E ratio of 37.12 and a beta of 0.58. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%. The company had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies's payout ratio is currently 51.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. CJS Securities assumed coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target for the company.

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.