JPMorgan Chase & Co. decreased its stake in Sensient Technologies Corporation (NYSE:SXT) by 30.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,183 shares of the specialty chemicals company’s stock after selling 30,975 shares during the period. JPMorgan Chase & Co. owned about 0.16% of Sensient Technologies Corporation worth $5,642,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in Sensient Technologies Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the specialty chemicals company’s stock worth $888,000 after buying an additional 200 shares in the last quarter. Horan Securities Inc. purchased a new stake in shares of Sensient Technologies Corporation during the first quarter worth about $124,000. Capstone Asset Management Co. boosted its stake in shares of Sensient Technologies Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 4,126 shares of the specialty chemicals company’s stock worth $327,000 after buying an additional 80 shares during the last quarter. First National Bank of Omaha boosted its stake in shares of Sensient Technologies Corporation by 39.1% in the first quarter. First National Bank of Omaha now owns 18,289 shares of the specialty chemicals company’s stock worth $1,450,000 after buying an additional 5,145 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Sensient Technologies Corporation by 40.9% in the fourth quarter. Macquarie Group Ltd. now owns 38,600 shares of the specialty chemicals company’s stock worth $3,033,000 after buying an additional 11,200 shares during the last quarter. 88.93% of the stock is owned by institutional investors and hedge funds.
Shares of Sensient Technologies Corporation (NYSE:SXT) traded down 0.51% during trading on Friday, hitting $74.70. The company’s stock had a trading volume of 276,316 shares. The firm’s 50 day moving average is $80.33 and its 200-day moving average is $79.77. The company has a market capitalization of $3.29 billion, a P/E ratio of 30.08 and a beta of 1.09. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98.
Sensient Technologies Corporation (NYSE:SXT) last announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The company had revenue of $338.48 million during the quarter. Analysts forecast that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.
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SXT has been the subject of a number of research reports. Zacks Investment Research upgraded Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, June 23rd. BidaskClub cut Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday.
In related news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is owned by company insiders.
About Sensient Technologies Corporation
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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