Sensient Technologies Corporation (NYSE:SXT) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,591 shares of the specialty chemicals company's stock after buying an additional 6,025 shares during the quarter. Victory Capital Management Inc. owned approximately 0.33% of Sensient Technologies worth $10,539,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SXT. Freemont Capital Pte Ltd acquired a new position in Sensient Technologies during the fourth quarter worth about $449,288,000. Congress Asset Management Co. bought a new stake in shares of Sensient Technologies in the 1st quarter worth about $49,984,000. Norges Bank bought a new stake in shares of Sensient Technologies in the 4th quarter worth about $45,757,000. Marshall Wace LLP acquired a new position in Sensient Technologies during the 4th quarter valued at about $24,490,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Sensient Technologies by 100.9% in the 4th quarter. JPMorgan Chase & Co. now owns 200,726 shares of the specialty chemicals company's stock worth $14,304,000 after acquiring an additional 100,788 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,668 shares of Sensient Technologies stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the transaction, the director directly owned 7,946 shares of the company's stock, valued at $758,445.70. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Sensient Technologies Price Performance

Shares of SXT stock traded up $3.54 on Friday, reaching $113.54. The company had a trading volume of 990,794 shares, compared to its average volume of 449,559. The business's 50-day moving average is $100.54 and its 200 day moving average is $84.96. The stock has a market capitalization of $4.82 billion, a PE ratio of 37.59 and a beta of 0.56. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $114.59. The company has a quick ratio of 1.74, a current ratio of 4.34 and a debt-to-equity ratio of 0.62.

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 analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The company had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same period in the previous year, the business posted $0.77 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.44%. Sensient Technologies's payout ratio is presently 54.30%.

Wall Street Analyst Weigh In

SXT has been the topic of several research reports. Robert W. Baird upped their price objective on shares of 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 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 target for the company.

About Sensient Technologies

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.