BlackRock Inc. Purchases 4,533,039 Shares of Sensient Technologies Corporation (SXT)

BlackRock Inc. raised its position in Sensient Technologies Corporation (NYSE:SXT) by 22,190.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,553,467 shares of the specialty chemicals company’s stock after buying an additional 4,533,039 shares during the period. BlackRock Inc. owned about 10.30% of Sensient Technologies Corporation worth $360,908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SXT. World Asset Management Inc increased its position in shares of Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 11 shares during the period. Capstone Asset Management Co. increased its position 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 valued at $327,000 after buying an additional 80 shares during the period. State Treasurer State of Michigan increased its position in shares of Sensient Technologies Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 18,070 shares of the specialty chemicals company’s stock valued at $1,432,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Sensient Technologies Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,796 shares of the specialty chemicals company’s stock valued at $454,000 after buying an additional 140 shares during the period. Finally, Advantus Capital Management Inc increased its position in shares of Sensient Technologies Corporation by 2.6% in the first quarter. Advantus Capital Management Inc now owns 5,679 shares of the specialty chemicals company’s stock valued at $450,000 after buying an additional 143 shares during the period. 88.93% of the stock is owned by institutional investors.

Shares of Sensient Technologies Corporation (SXT) traded down 0.51% during midday trading on Friday, reaching $74.70. 276,316 shares of the company’s stock traded hands. The firm 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 52-week low of $68.51 and a 52-week high of $84.98. The stock’s 50 day moving average price is $80.33 and its 200 day moving average price is $79.77.

Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The business had revenue of $338.48 million for the quarter. On average, equities research analysts anticipate 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. Shareholders of record on Friday, August 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.61%. The ex-dividend date is Wednesday, August 2nd. Sensient Technologies Corporation’s payout ratio is 48.39%.

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Separately, Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th.

In related news, Director Joseph Carleone bought 1,000 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.95% of the company’s stock.

Sensient Technologies Corporation Company Profile

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.

Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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