Amalgamated Bank Trims Stock Position in Sensient Technologies Co. (NYSE:SXT)

Amalgamated Bank reduced its stake in Sensient Technologies Co. (NYSE:SXT) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,466 shares of the specialty chemicals company’s stock after selling 469 shares during the quarter. Amalgamated Bank’s holdings in Sensient Technologies were worth $1,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SXT. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sensient Technologies by 16.7% in the 1st 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 buying an additional 28,788 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Sensient Technologies during the first quarter worth about $736,000. Kimelman & Baird LLC acquired a new stake in Sensient Technologies in the second quarter valued at about $1,287,000. Robeco Schweiz AG increased its position in Sensient Technologies by 12.1% during the 2nd 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 period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at approximately $531,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Trading Down 1.5 %

Shares of Sensient Technologies stock opened at $78.00 on Friday. The company has a 50-day moving average of $77.47 and a two-hundred day moving average of $76.17. The stock has a market cap of $3.30 billion, a PE ratio of 37.32 and a beta of 0.76. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12-month low of $55.02 and a 12-month high of $82.99.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. Sensient Technologies’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, research analysts anticipate that Sensient Technologies Co. will post 2.82 EPS 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. Shareholders of record on Monday, November 4th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.10%. Sensient Technologies’s dividend payout ratio (DPR) is currently 78.47%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

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.