Thornburg Investment Management Inc. Has $11.65 Million Stock Holdings in Sensient Technologies Corporation (NYSE:SXT)

Key Points

• Thornburg Investment Management Inc. reduced its stake in Sensient Technologies by 7.2%, selling 12,053 shares and owning approximately $11.65 million worth of stock as of its latest SEC filing.
• Several institutional investors have recently increased their positions in Sensient Technologies, with GAMMA Investing LLC boosting its stake by 132.6% during the first quarter.
• Sensient Technologies recently announced a quarterly dividend of $0.41, representing an annualized yield of 1.45%, with the payout set for September 2nd.

Thornburg Investment Management Inc. reduced its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,493 shares of the specialty chemicals company's stock after selling 12,053 shares during the quarter. Thornburg Investment Management Inc. owned 0.37% of Sensient Technologies worth $11,648,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Sensient Technologies in the first quarter worth approximately $1,290,000. Mackenzie Financial Corp boosted its stake in shares of Sensient Technologies by 19.5% in the first quarter. Mackenzie Financial Corp now owns 6,023 shares of the specialty chemicals company's stock worth $448,000 after acquiring an additional 981 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sensient Technologies by 19.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,395 shares of the specialty chemicals company's stock worth $774,000 after acquiring an additional 1,691 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Sensient Technologies in the first quarter worth approximately $379,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sensient Technologies during the first quarter worth approximately $490,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Down 0.7%

Shares of NYSE:SXT traded down $0.80 on Friday, hitting $111.49. 488,575 shares of the company's stock were exchanged, compared to its average volume of 354,658. The firm's 50-day moving average is $101.94 and its 200 day moving average is $86.14. The company has a market capitalization of $4.73 billion, a PE ratio of 35.17 and a beta of 0.56. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $114.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Sell-side analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed 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 is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective 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 research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective on the stock.

Insider Activity

In related news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total value of $159,210.60. Following the transaction, the director directly owned 7,946 shares of the company's stock, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

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.