Sensient Technologies Co. (NYSE:SXT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Sensient Technologies Co. (NYSE:SXT) by 6.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,875 shares of the specialty chemicals company’s stock after selling 10,154 shares during the quarter. Victory Capital Management Inc.’s holdings in Sensient Technologies were worth $11,461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Sensient Technologies by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock worth $89,683,000 after buying an additional 39,290 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock valued at $40,211,000 after buying an additional 27,967 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Sensient Technologies by 2.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock valued at $15,304,000 after buying an additional 5,400 shares in the last quarter. Robeco Schweiz AG raised its holdings in Sensient Technologies by 12.1% during the second quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock worth $8,357,000 after purchasing an additional 12,150 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Sensient Technologies by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 93,226 shares of the specialty chemicals company’s stock worth $6,916,000 after purchasing an additional 6,621 shares during the last quarter. Hedge funds and other 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 stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Performance

NYSE SXT opened at $76.30 on Thursday. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two week high of $82.99. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 36.50 and a beta of 0.76. The business has a fifty day moving average of $77.70 and a 200-day moving average of $76.27. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT) last released 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. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The company had revenue of $392.61 million during the quarter, compared to analysts’ expectations of $390.64 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.41 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.15%. Sensient Technologies’s payout ratio is currently 78.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SXT. Robert W. Baird boosted their price target on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. StockNews.com raised Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Sensient Technologies 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.