New York State Teachers Retirement System Sells 700 Shares of Sensient Technologies Co. (NYSE:SXT)

New York State Teachers Retirement System reduced its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,165 shares of the specialty chemicals company’s stock after selling 700 shares during the quarter. New York State Teachers Retirement System’s holdings in Sensient Technologies were worth $4,907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SXT. Algert Global LLC bought a new position in Sensient Technologies in the second quarter valued at $4,218,000. Dimensional Fund Advisors LP increased its position in shares of Sensient Technologies by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after acquiring an additional 39,290 shares during the last quarter. Heartland Advisors Inc. raised its holdings in Sensient Technologies by 26.8% during the first quarter. Heartland Advisors Inc. now owns 170,459 shares of the specialty chemicals company’s stock worth $11,794,000 after acquiring an additional 35,979 shares in the last quarter. Quest Partners LLC boosted its position in Sensient Technologies by 565.2% during the second quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company’s stock valued at $3,001,000 after purchasing an additional 34,367 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sensient Technologies by 16.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 200,888 shares of the specialty chemicals company’s stock valued at $13,899,000 after purchasing an additional 28,788 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total transaction of $142,160.00. Following the completion of the sale, the director now directly owns 15,162 shares in the company, valued at $1,077,714.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Sensient Technologies Trading Up 1.5 %

Sensient Technologies stock opened at $76.49 on Wednesday. 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 stock has a 50-day simple moving average of $77.00 and a 200 day simple moving average of $75.72. The stock has a market capitalization of $3.24 billion, a P/E ratio of 36.60 and a beta of 0.76. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its 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. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Monday, November 4th. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SXT. Robert W. Baird increased their price objective on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th. StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

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.