Nuveen Asset Management LLC Purchases 38,541 Shares of Sensient Technologies Co. (NYSE:SXT)

Posted by on Mar 2nd, 2023

Nuveen Asset Management LLC lifted its position in Sensient Technologies Co. (NYSE:SXT – Get Rating) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,068 shares of the specialty chemicals company’s stock after buying an additional 38,541 shares during the period. Nuveen Asset Management LLC owned about 0.88% of Sensient Technologies worth $25,730,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Sensient Technologies by 160.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 477 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. Covestor Ltd boosted its stake in Sensient Technologies by 88.1% in the 1st quarter. Covestor Ltd now owns 489 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 229 shares during the period. Valley National Advisers Inc. boosted its stake in Sensient Technologies by 39.6% in the 3rd quarter. Valley National Advisers Inc. now owns 1,044 shares of the specialty chemicals company’s stock worth $75,000 after purchasing an additional 296 shares during the period. Ellevest Inc. boosted its stake in Sensient Technologies by 13.9% in the 3rd quarter. Ellevest Inc. now owns 1,264 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 154 shares during the period. Finally, Inspire Investing LLC boosted its stake in Sensient Technologies by 13.9% in the 3rd quarter. Inspire Investing LLC now owns 2,998 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 366 shares during the period. Institutional investors own 87.30% of the company’s stock.

Sensient Technologies Price Performance

Shares of NYSE SXT opened at $74.99 on Thursday. The firm has a market cap of $3.16 billion, a PE ratio of 22.45 and a beta of 0.90. The company has a current ratio of 3.43, a quick ratio of 1.36 and a debt-to-equity ratio of 0.63. Sensient Technologies Co. has a 1-year low of $63.17 and a 1-year high of $89.34. The company has a fifty day moving average price of $75.15 and a 200 day moving average price of $74.51.

Sensient Technologies (NYSE:SXT – Get Rating) last announced its earnings results on Friday, February 10th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $348.70 million during the quarter, compared to analyst estimates of $352.42 million. Sensient Technologies had a return on equity of 14.35% and a net margin of 9.80%. Sensient Technologies’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. Sensient Technologies’s dividend payout ratio is 49.10%.

Sensient Technologies Company Profile

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Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group, Color Group, and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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