Teachers Retirement System of The State of Kentucky Sells 1,100 Shares of Sensient Technologies Co. (SXT)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Sensient Technologies Co. (NYSE:SXT) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,475 shares of the specialty chemicals company’s stock after selling 1,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sensient Technologies were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of Sensient Technologies by 5.4% during the 2nd quarter. Janus Henderson Group PLC now owns 3,815,218 shares of the specialty chemicals company’s stock worth $272,979,000 after purchasing an additional 194,486 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sensient Technologies by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,078,475 shares of the specialty chemicals company’s stock worth $77,165,000 after purchasing an additional 89,968 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Sensient Technologies by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 998,853 shares of the specialty chemicals company’s stock worth $76,422,000 after purchasing an additional 3,856 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Sensient Technologies by 0.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 985,706 shares of the specialty chemicals company’s stock worth $70,532,000 after purchasing an additional 8,946 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Sensient Technologies by 30.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after purchasing an additional 192,741 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Sensient Technologies stock opened at $60.01 on Friday. The company has a quick ratio of 1.80, a current ratio of 4.30 and a debt-to-equity ratio of 0.88. The company has a market cap of $2.60 billion, a P/E ratio of 17.06 and a beta of 0.91. Sensient Technologies Co. has a one year low of $59.80 and a one year high of $78.40.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $342.73 million during the quarter. Sensient Technologies had a return on equity of 18.43% and a net margin of 9.92%. Sensient Technologies’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. On average, equities research analysts forecast that Sensient Technologies Co. will post 3.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 5th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, November 2nd. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s dividend payout ratio (DPR) is 42.11%.

In related news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of $64.02 per share, for a total transaction of $128,040.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

Several brokerages have recently weighed in on SXT. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a report on Friday, September 21st. TheStreet upgraded Sensient Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, September 18th. ValuEngine upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. KeyCorp cut their target price on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, October 22nd. Finally, Berenberg Bank set a $82.00 target price on Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.75.

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Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

Read More: Market Capitalization

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

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