Public Sector Pension Investment Board Buys 28,783 Shares of Sensient Technologies Corporation (NYSE: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 raised its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,325 shares of the specialty chemicals company's stock after purchasing an additional 28,783 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Sensient Technologies worth $9,998,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Sensient Technologies by 8.6% in the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after buying an additional 150 shares during the period. Xponance Inc. increased its stake in shares of Sensient Technologies by 5.0% in the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock valued at $236,000 after buying an additional 152 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Sensient Technologies by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company's stock valued at $314,000 after buying an additional 203 shares during the period. GAMMA Investing LLC increased its stake in shares of Sensient Technologies by 132.6% in 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. Finally, Bank of Montreal Can increased its stake in shares of Sensient Technologies by 5.1% in the fourth quarter. Bank of Montreal Can now owns 6,914 shares of the specialty chemicals company's stock valued at $493,000 after buying an additional 338 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Up 2.3%

NYSE SXT traded up $2.62 during trading hours on Friday, hitting $118.17. 779,818 shares of the company's stock were exchanged, compared to its average volume of 452,378. The stock has a 50-day simple moving average of $106.58 and a 200 day simple moving average of $89.39. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 37.28 and a beta of 0.58. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61.

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

Sensient Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SXT shares. Robert W. Baird increased their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities started 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.

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.