Bessemer Group Inc. boosted its stake in Sensient Technologies Corporation (NYSE:SXT) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 30,566 shares of the specialty chemicals company’s stock after buying an additional 166 shares during the period. Bessemer Group Inc.’s holdings in Sensient Technologies Corporation were worth $2,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Sensient Technologies Corporation by 6.3% in the first quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock valued at $2,475,000 after buying an additional 1,840 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Sensient Technologies Corporation by 0.4% in the first quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock valued at $107,637,000 after buying an additional 5,490 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Sensient Technologies Corporation by 2.3% in the first quarter. Principal Financial Group Inc. now owns 180,156 shares of the specialty chemicals company’s stock valued at $14,279,000 after buying an additional 3,997 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Sensient Technologies Corporation by 8.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 279,491 shares of the specialty chemicals company’s stock valued at $22,153,000 after buying an additional 22,744 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Sensient Technologies Corporation by 14.6% in the first quarter. Legal & General Group Plc now owns 42,448 shares of the specialty chemicals company’s stock valued at $3,364,000 after buying an additional 5,408 shares in the last quarter. 88.47% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Corporation (SXT) opened at 74.30 on Thursday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 29.92 and a beta of 1.07. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The company’s 50-day moving average price is $78.62 and its 200-day moving average price is $79.59.

Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities research analysts expect that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 2nd. Sensient Technologies Corporation’s payout ratio is presently 48.39%.

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Several research analysts have recently issued reports on SXT shares. Zacks Investment Research raised Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, June 23rd. BidaskClub lowered Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

In other news, Director Joseph Carleone bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average cost of $75.32 per share, with a total value of $75,320.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Sensient Technologies Corporation Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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

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