First Trust Advisors LP lowered its position in Sensient Technologies Corporation (NYSE:SXT) by 56.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,678 shares of the specialty chemicals company’s stock after selling 11,244 shares during the period. First Trust Advisors LP’s holdings in Sensient Technologies Corporation were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its stake in 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 worth $2,475,000 after purchasing an additional 1,840 shares during the last quarter. Wellington Management Group LLP lifted its stake in 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 worth $107,637,000 after purchasing an additional 5,490 shares during the last quarter. Principal Financial Group Inc. lifted its stake in 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 worth $14,279,000 after purchasing an additional 3,997 shares during the last quarter. Legal & General Group Plc lifted its stake in 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 worth $3,364,000 after purchasing an additional 5,408 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in 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 worth $22,153,000 after purchasing an additional 22,744 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have issued reports on SXT. Berenberg Bank began coverage on shares of Sensient Technologies Corporation in a research note on Friday. They issued a “buy” rating and a $88.30 price objective for the company. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. KeyCorp reissued a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies Corporation in a research note on Thursday, August 24th. Finally, BidaskClub downgraded shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.

In related news, Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of $75.32 per share, for a total transaction of $75,320.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.95% of the company’s stock.

Shares of Sensient Technologies Corporation (NYSE:SXT) opened at 76.80 on Friday. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The stock’s 50 day moving average is $73.46 and its 200 day moving average is $78.57. The company has a market cap of $3.37 billion, a P/E ratio of 30.93 and a beta of 1.08.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were issued a $0.30 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.

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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