Robeco Schweiz AG grew its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 48.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,372 shares of the specialty chemicals company's stock after purchasing an additional 77,043 shares during the period. Robeco Schweiz AG owned approximately 0.56% of Sensient Technologies worth $17,519,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC raised its holdings in shares of Sensient Technologies by 11.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 11,491 shares of the specialty chemicals company's stock valued at $855,000 after purchasing an additional 1,226 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Sensient Technologies by 248.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,073 shares of the specialty chemicals company's stock worth $1,792,000 after acquiring an additional 17,157 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Sensient Technologies by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company's stock worth $16,442,000 after acquiring an additional 5,011 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Sensient Technologies by 29.1% in the 1st quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company's stock worth $3,240,000 after acquiring an additional 9,817 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Sensient Technologies by 29.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 31,759 shares of the specialty chemicals company's stock worth $2,364,000 after acquiring an additional 7,310 shares during the last quarter. 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 that occurred 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 sale, the director directly owned 7,946 shares of the company's stock, valued at approximately $758,445.70. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd. 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. Finally, Robert W. Baird upped their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd.
Read Our Latest Report on SXT
Sensient Technologies Stock Performance
Sensient Technologies stock opened at $109.36 on Friday. The firm's fifty day moving average price is $97.21 and its 200-day moving average price is $82.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 4.34. The stock has a market cap of $4.64 billion, a P/E ratio of 36.21 and a beta of 0.56. Sensient Technologies Corporation has a fifty-two week low of $66.15 and a fifty-two week high of $110.70.
Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a net margin of 8.19% and a return on equity of 12.14%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. On average, equities research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.
Sensient Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, May 12th. This represents a $1.64 annualized dividend and a dividend yield of 1.50%. Sensient Technologies's payout ratio is 54.30%.
Sensient Technologies Company Profile
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Free Report)
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.
Further Reading
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