Thrivent Financial for Lutherans Reduces Holdings in Sensient Technologies Co. (NYSE:SXT)

Thrivent Financial for Lutherans reduced its position in Sensient Technologies Co. (NYSE:SXT) by 4.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 35,169 shares of the specialty chemicals company’s stock after selling 1,484 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Sensient Technologies worth $2,609,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SXT. TFO Wealth Partners LLC boosted its stake in Sensient Technologies by 44,075.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 1,763 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Sensient Technologies during the second quarter worth about $129,000. SG Americas Securities LLC acquired a new position in Sensient Technologies in the 1st quarter valued at about $203,000. Silvercrest Asset Management Group LLC acquired a new position in Sensient Technologies in the 1st quarter valued at about $208,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Sensient Technologies during the 2nd quarter valued at approximately $214,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SXT shares. Robert W. Baird boosted their target price 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 lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the transaction, the director now owns 15,162 shares in the company, valued at approximately $1,077,714.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Sensient Technologies Trading Up 0.7 %

NYSE SXT opened at $80.22 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.40 billion, a P/E ratio of 37.31 and a beta of 0.75. Sensient Technologies Co. has a 52-week low of $52.90 and a 52-week high of $82.99. The firm has a 50-day moving average price of $75.59 and a 200 day moving average price of $74.18.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. The business had revenue of $403.53 million during the quarter. Equities research analysts expect that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, August 5th. 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.