9,400 Shares of Sensient Technologies Corporation $SXT Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,400 shares of the specialty chemicals company’s stock, valued at approximately $1,229,000.

Other large investors also recently added to or reduced their stakes in the company. Tower View Wealth Management LLC boosted its stake in shares of Sensient Technologies by 0.9% in the 3rd quarter. Tower View Wealth Management LLC now owns 17,902 shares of the specialty chemicals company’s stock valued at $2,340,000 after purchasing an additional 158 shares during the last quarter. Gibbs Wealth Management grew its position in shares of Sensient Technologies by 6.4% during the 3rd quarter. Gibbs Wealth Management now owns 9,817 shares of the specialty chemicals company’s stock worth $1,283,000 after buying an additional 591 shares during the period. Sterling Capital Management LLC raised its stake in shares of Sensient Technologies by 842.4% during the third quarter. Sterling Capital Management LLC now owns 1,423 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 1,272 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Sensient Technologies by 36.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,723 shares of the specialty chemicals company’s stock worth $225,000 after buying an additional 464 shares during the last quarter. Finally, Abel Hall LLC acquired a new position in Sensient Technologies in the third quarter valued at approximately $256,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

Sensient Technologies stock opened at $118.07 on Tuesday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 29.74 and a beta of 0.84. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $138.82. The business has a 50-day moving average of $131.27 and a 200-day moving average of $113.72. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The company had revenue of $455.84 million during the quarter, compared to analysts’ expectations of $459.05 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%. Sensient Technologies’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, equities analysts anticipate that Sensient Technologies Corporation will post 4.20 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 9th. Sensient Technologies’s dividend payout ratio is presently 41.31%.

Insiders Place Their Bets

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the sale, the director directly owned 7,352 shares in the company, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SXT shares. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective on the stock. UBS Group lowered their target price on shares of Sensient Technologies from $157.00 to $154.00 and set a “buy” rating for the company in a report on Monday. Robert W. Baird upped their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Zacks Research downgraded Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Finally, Weiss Ratings downgraded Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sensient Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $139.67.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.