Sensient Technologies Co. (NYSE:SXT) Shares Bought by Algert Global LLC

Algert Global LLC lifted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,875 shares of the specialty chemicals company’s stock after buying an additional 7,023 shares during the period. Algert Global LLC’s holdings in Sensient Technologies were worth $5,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Sensient Technologies by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,959 shares of the specialty chemicals company’s stock worth $1,727,000 after purchasing an additional 1,532 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Sensient Technologies during the 1st quarter valued at about $208,000. Tidal Investments LLC bought a new position in shares of Sensient Technologies during the 1st quarter valued at about $400,000. Linden Thomas Advisory Services LLC grew its stake in shares of Sensient Technologies by 9.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,081 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 638 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Sensient Technologies by 170.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,926 shares of the specialty chemicals company’s stock worth $588,000 after purchasing an additional 4,993 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Insider Activity at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the sale, the insider now directly owns 36,518 shares in the company, valued at approximately $2,938,968.64. This represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Sensient Technologies Stock Performance

Shares of SXT opened at $78.67 on Monday. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. The company has a market capitalization of $3.33 billion, a PE ratio of 37.64 and a beta of 0.76. The company’s 50 day moving average price is $77.83 and its 200 day moving average price is $76.31.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. Sensient Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Research analysts expect that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. Sensient Technologies’s dividend payout ratio is 78.47%.

Analysts Set New Price Targets

SXT has been the topic of several recent research reports. StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird lifted their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 29th.

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.