Diversified Trust Co Grows Position in Sensient Technologies Co. (NYSE:SXT)

Diversified Trust Co boosted its holdings in Sensient Technologies Co. (NYSE:SXT) by 18.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,389 shares of the specialty chemicals company’s stock after purchasing an additional 1,800 shares during the quarter. Diversified Trust Co’s holdings in Sensient Technologies were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BRYN MAWR TRUST Co boosted its holdings in Sensient Technologies by 0.5% in the third quarter. BRYN MAWR TRUST Co now owns 60,126 shares of the specialty chemicals company’s stock valued at $3,516,000 after purchasing an additional 270 shares in the last quarter. CWM LLC boosted its holdings in Sensient Technologies by 30.5% in the fourth quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 364 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sensient Technologies by 30.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the specialty chemicals company’s stock valued at $130,000 after acquiring an additional 525 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Sensient Technologies by 5.4% in the fourth quarter. Moody National Bank Trust Division now owns 10,521 shares of the specialty chemicals company’s stock valued at $694,000 after acquiring an additional 540 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sensient Technologies by 13.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,592 shares of the specialty chemicals company’s stock valued at $699,000 after acquiring an additional 1,264 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sensient Technologies Price Performance

Shares of NYSE SXT opened at $73.41 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.31 and a quick ratio of 1.71. The stock has a fifty day moving average price of $74.95 and a 200 day moving average price of $69.00. Sensient Technologies Co. has a 1-year low of $52.90 and a 1-year high of $78.77. The company has a market cap of $3.11 billion, a PE ratio of 34.14 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $384.67 million during the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. Sell-side analysts forecast that Sensient Technologies Co. will post 2.85 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, May 3rd. Sensient Technologies’s payout ratio is 76.28%.

Insiders Place Their Bets

In other Sensient Technologies news, insider Steven B. Morris sold 400 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total value of $29,188.00. Following the completion of the transaction, the insider now owns 4,082 shares in the company, valued at $297,863.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Steven B. Morris sold 400 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total value of $29,188.00. Following the completion of the transaction, the insider now owns 4,082 shares in the company, valued at $297,863.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Essie Whitelaw sold 600 shares of Sensient Technologies stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.84, for a total value of $45,504.00. Following the transaction, the director now directly owns 21,826 shares of the company’s stock, valued at approximately $1,655,283.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,037 shares of company stock worth $153,245. 1.40% of the stock is owned by corporate insiders.

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.