Algert Global LLC Purchases Shares of 56,852 Sensient Technologies Co. (NYSE:SXT)

Algert Global LLC purchased a new stake in shares of Sensient Technologies Co. (NYSE:SXT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 56,852 shares of the specialty chemicals company’s stock, valued at approximately $4,218,000. Algert Global LLC owned about 0.13% of Sensient Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXT. TFO Wealth Partners LLC raised its position 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 valued at $117,000 after purchasing an additional 1,763 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $129,000. SG Americas Securities LLC bought a new position in shares of Sensient Technologies in the 1st quarter worth approximately $203,000. Silvercrest Asset Management Group LLC bought a new position in shares of Sensient Technologies in the 1st quarter worth approximately $208,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $214,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Sensient Technologies stock 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 company has a market capitalization of $3.40 billion, a P/E ratio of 37.31 and a beta of 0.75. The stock’s 50 day moving average is $75.59 and its 200 day moving average is $74.18. Sensient Technologies Co. has a twelve month low of $52.90 and a twelve month high of $82.99.

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

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were paid a $0.41 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.64 annualized dividend and a dividend yield of 2.04%. Sensient Technologies’s payout ratio is currently 76.28%.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction of $142,160.00. Following the sale, the director now directly owns 15,162 shares in the company, valued at approximately $1,077,714.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SXT. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird increased their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

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.