Texas Permanent School Fund Sells 1,975 Shares of Sensient Technologies Co. (NYSE:SXT)

Posted by Defense World Staff on May 12th, 2023

Texas Permanent School Fund reduced its stake in Sensient Technologies Co. (NYSE:SXT – Get Rating) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,262 shares of the specialty chemicals company’s stock after selling 1,975 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Sensient Technologies worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Sensient Technologies by 160.7% in the third 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 during the period. Covestor Ltd boosted its stake in shares of Sensient Technologies by 88.1% in the first quarter. Covestor Ltd now owns 489 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 229 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Sensient Technologies by 39.6% in the third quarter. Valley National Advisers Inc. now owns 1,044 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 296 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Sensient Technologies in the third quarter valued at approximately $76,000. Finally, Ellevest Inc. boosted its stake in shares of Sensient Technologies by 13.9% in the third quarter. Ellevest Inc. now owns 1,264 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 154 shares during the period. 87.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Sensient Technologies in a research note on Thursday, March 16th. They set a “hold” rating for the company.

Sensient Technologies Stock Up 0.3 %

NYSE SXT opened at $74.53 on Friday. The business has a fifty day moving average price of $74.01 and a two-hundred day moving average price of $73.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.09 and a quick ratio of 1.65. Sensient Technologies Co. has a fifty-two week low of $63.17 and a fifty-two week high of $89.34. The stock has a market capitalization of $3.15 billion, a PE ratio of 22.86 and a beta of 0.89.

Sensient Technologies (NYSE:SXT – Get Rating) last released its earnings results on Friday, April 28th. The specialty chemicals company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Sensient Technologies had a return on equity of 13.76% and a net margin of 9.48%. The firm had revenue of $369.00 million during the quarter, compared to analysts’ expectations of $369.87 million. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 8th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, May 5th. Sensient Technologies’s payout ratio is 50.31%.

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. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.