Wilmington Savings Fund Society FSB Sells 653 Shares of Sensient Technologies Co. (NYSE:SXT)

Wilmington Savings Fund Society FSB reduced its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,607 shares of the specialty chemicals company’s stock after selling 653 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Sensient Technologies were worth $690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Sensient Technologies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 961,455 shares of the specialty chemicals company’s stock worth $77,143,000 after purchasing an additional 15,868 shares during the period. Barclays PLC boosted its stake in Sensient Technologies by 309.3% during the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock worth $6,197,000 after buying an additional 58,386 shares during the period. State Street Corp increased its position in Sensient Technologies by 3.7% during the third quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock valued at $135,902,000 after acquiring an additional 60,622 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Sensient Technologies in the third quarter valued at $497,000. Finally, ClearAlpha Technologies LP purchased a new stake in shares of Sensient Technologies in the third quarter valued at $280,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Trading Down 0.1 %

Shares of NYSE SXT opened at $77.29 on Monday. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two 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 cap of $3.27 billion, a price-to-earnings ratio of 36.98 and a beta of 0.76. The business’s 50 day moving average price is $77.75 and its 200-day moving average price is $76.56.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The company 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%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, sell-side analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. Sensient Technologies’s dividend payout ratio is currently 78.47%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

Insider Activity at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction that occurred 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 owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This represents a 9.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate 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.