Inspire Investing LLC Purchases 393 Shares of Sensient Technologies Co. (NYSE:SXT)

Inspire Investing LLC boosted its holdings in Sensient Technologies Co. (NYSE:SXT) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,147 shares of the specialty chemicals company’s stock after purchasing an additional 393 shares during the quarter. Inspire Investing LLC’s holdings in Sensient Technologies were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXT. Ariadne Wealth Management LP acquired a new position in shares of Sensient Technologies during the second quarter valued at about $942,000. Brandes Investment Partners LP increased its holdings in Sensient Technologies by 34.4% during the 2nd quarter. Brandes Investment Partners LP now owns 14,536 shares of the specialty chemicals company’s stock worth $1,078,000 after purchasing an additional 3,718 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Sensient Technologies in the second quarter worth approximately $1,287,000. Quarry LP purchased a new stake in shares of Sensient Technologies in the second quarter worth approximately $29,000. Finally, Creative Planning boosted its position in shares of Sensient Technologies by 27.8% during the second quarter. Creative Planning now owns 19,410 shares of the specialty chemicals company’s stock valued at $1,440,000 after buying an additional 4,217 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SXT has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Sensient Technologies Price Performance

Shares of NYSE SXT opened at $78.89 on Thursday. The company has a market capitalization of $3.34 billion, a PE ratio of 38.11 and a beta of 0.75. 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’s 50 day moving average price is $75.87 and its 200-day moving average price is $74.89. Sensient Technologies Co. has a twelve month low of $54.15 and a twelve month high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share 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 for the quarter. On average, equities analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.64 dividend on an annualized basis and a yield of 2.08%. Sensient Technologies’s dividend payout ratio (DPR) is presently 79.23%.

Insiders Place Their Bets

In other 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 owns 15,162 shares in the company, valued at $1,077,714.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.