New York State Common Retirement Fund decreased its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,300 shares of the specialty chemicals company’s stock after selling 8,133 shares during the period. New York State Common Retirement Fund owned about 0.11% of Sensient Technologies worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sensient Technologies by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 139 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Sensient Technologies by 118.2% in the second quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 1,400 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 119 shares in the last quarter. FDx Advisors Inc. acquired a new stake in Sensient Technologies in the third quarter valued at approximately $231,000. Finally, PNC Financial Services Group Inc. boosted its position in Sensient Technologies by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.

In other news, Director Fergus M. Clydesdale sold 2,000 shares of Sensient Technologies stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Essie Whitelaw sold 667 shares of Sensient Technologies stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total transaction of $50,125.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,187 shares of company stock worth $316,125. 0.95% of the stock is owned by company insiders.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Berenberg Bank assumed coverage on shares of Sensient Technologies in a research report on Friday, September 22nd. They issued a “buy” rating and a $88.30 target price on the stock. Off Wall Street assumed coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They issued a “sell” rating on the stock. Finally, KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.15.

Sensient Technologies Corporation (NYSE SXT) opened at $73.82 on Thursday. The company has a market cap of $3,230.00, a price-to-earnings ratio of 30.38, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59. Sensient Technologies Corporation has a fifty-two week low of $71.21 and a fifty-two week high of $84.98.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $353.52 million for the quarter. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. During the same quarter last year, the firm posted $0.83 EPS. research analysts forecast that Sensient Technologies Corporation will post 3.41 EPS for the current year.

Sensient Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 6th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, November 3rd. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.30. Sensient Technologies’s payout ratio is 54.32%.

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About Sensient Technologies

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 (NYSE:SXT)

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