Texas Permanent School Fund Acquires 1,053 Shares of Sensient Technologies Co. (SXT)

Texas Permanent School Fund lifted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 3.8% in the first quarter, Holdings Channel reports. The institutional investor owned 28,717 shares of the specialty chemicals company’s stock after buying an additional 1,053 shares during the period. Texas Permanent School Fund’s holdings in Sensient Technologies were worth $1,947,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SXT. FrontFour Capital Group LLC acquired a new stake in Sensient Technologies in the 4th quarter valued at about $55,000. Quadrant Capital Group LLC acquired a new stake in Sensient Technologies in the 1st quarter valued at about $61,000. Huntington National Bank lifted its stake in Sensient Technologies by 66.6% in the 4th quarter. Huntington National Bank now owns 1,118 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 447 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in Sensient Technologies in the 1st quarter valued at about $75,000. Finally, Dupont Capital Management Corp acquired a new stake in Sensient Technologies in the 4th quarter valued at about $114,000. Institutional investors own 99.79% of the company’s stock.

In other Sensient Technologies news, VP Thierry Hoang sold 357 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $72.37, for a total value of $25,836.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.

SXT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Seaport Global Securities initiated coverage on shares of Sensient Technologies in a research note on Thursday, February 21st. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sensient Technologies currently has an average rating of “Buy” and a consensus price target of $75.00.

Sensient Technologies stock traded up $0.72 during trading hours on Tuesday, hitting $70.35. The company had a trading volume of 112 shares, compared to its average volume of 261,349. The stock has a market cap of $2.97 billion, a P/E ratio of 19.81 and a beta of 1.07. The company has a quick ratio of 1.81, a current ratio of 4.18 and a debt-to-equity ratio of 0.78. Sensient Technologies Co. has a one year low of $51.93 and a one year high of $78.40.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The firm had revenue of $347.50 million for the quarter, compared to analysts’ expectations of $348.80 million. Sensient Technologies had a net margin of 11.03% and a return on equity of 17.10%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Equities analysts anticipate that Sensient Technologies Co. will post 3.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.44 annualized dividend and a yield of 2.05%. Sensient Technologies’s dividend payout ratio is currently 40.56%.

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Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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

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