Moody National Bank Trust Division Acquires 3,320 Shares of Sensient Technologies Co. (NYSE:SXT)

Moody National Bank Trust Division increased its holdings in Sensient Technologies Co. (NYSE:SXT) by 31.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,841 shares of the specialty chemicals company’s stock after buying an additional 3,320 shares during the period. Moody National Bank Trust Division’s holdings in Sensient Technologies were worth $958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Sensient Technologies by 32.2% in the 3rd quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 265 shares during the period. CWM LLC boosted its holdings in Sensient Technologies by 30.5% in the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 364 shares during the period. TFO Wealth Partners LLC boosted its holdings in Sensient Technologies by 44,075.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 1,763 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Sensient Technologies by 30.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 525 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Sensient Technologies in the 3rd quarter valued at $175,000. 90.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SXT has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Sensient Technologies from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 29th. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 15th.

Insider Activity

In other news, Director Essie Whitelaw sold 1,037 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $78,552.75. Following the sale, the director now owns 20,789 shares in the company, valued at approximately $1,574,766.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Essie Whitelaw sold 1,037 shares of Sensient Technologies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $75.75, for a total value of $78,552.75. Following the transaction, the director now owns 20,789 shares in the company, valued at approximately $1,574,766.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven B. Morris sold 400 shares of Sensient Technologies stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the completion of the transaction, the insider now owns 4,082 shares in the company, valued at approximately $297,863.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,037 shares of company stock worth $153,245. 1.40% of the stock is currently owned by corporate insiders.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $75.36 on Thursday. The firm’s fifty day moving average price is $74.01 and its 200-day moving average price is $68.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 4.31. The stock has a market cap of $3.19 billion, a P/E ratio of 35.05 and a beta of 0.78. Sensient Technologies Co. has a fifty-two week low of $52.90 and a fifty-two week high of $78.77.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share for the quarter. The firm had revenue of $384.67 million for the quarter. Sensient Technologies had a net margin of 6.16% and a return on equity of 11.40%. On average, equities research analysts expect that Sensient Technologies Co. will post 2.85 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 6th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, May 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 76.28%.

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.