Sensient Technologies Corporation (NYSE:SXT) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,037 shares of the specialty chemicals company's stock after selling 81,027 shares during the quarter. Segall Bryant & Hamill LLC owned 0.64% of Sensient Technologies worth $20,322,000 as of its most recent SEC filing.

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

Sensient Technologies Price Performance

Shares of SXT stock traded down $0.51 during mid-day trading on Friday, reaching $109.01. The stock had a trading volume of 311,669 shares, compared to its average volume of 253,927. Sensient Technologies Corporation has a 12-month low of $66.15 and a 12-month high of $110.70. The company has a market cap of $4.63 billion, a P/E ratio of 36.10 and a beta of 0.56. The business has a 50-day simple moving average of $98.94 and a 200 day simple moving average of $83.60. The company has a current ratio of 4.34, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

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 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 analysts' expectations of $387.70 million. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. On average, sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Monday, May 12th. Sensient Technologies's dividend payout ratio is presently 54.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. CJS Securities assumed coverage on Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company. Finally, Wall Street Zen downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd.

Insider Buying and Selling

In other Sensient Technologies 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 value of $159,210.60. Following the completion of the sale, the director owned 7,946 shares in the company, 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 through this link. Corporate insiders own 1.20% of the company's stock.

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.