Sensient Technologies Corporation (SXT) Shares Bought by US Bancorp DE
US Bancorp DE raised its stake in Sensient Technologies Corporation (NYSE:SXT) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 8,470 shares of the specialty chemicals company’s stock after buying an additional 318 shares during the period. US Bancorp DE’s holdings in Sensient Technologies Corporation were worth $682,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Horan Securities Inc. acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at approximately $124,000. Tower Research Capital LLC TRC increased its position in shares of Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 1,691 shares in the last quarter. Airain ltd acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at approximately $202,000. Scout Investments Inc. acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at approximately $210,000. Finally, World Asset Management Inc increased its position in shares of Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 11 shares in the last quarter. Institutional investors own 88.94% of the company’s stock.
Sensient Technologies Corporation (SXT) traded up 1.23% during mid-day trading on Monday, reaching $74.99. The company had a trading volume of 30,850 shares. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 30.20 and a beta of 1.07. The stock has a 50-day moving average of $78.25 and a 200 day moving average of $79.53. Sensient Technologies Corporation has a 12-month low of $68.51 and a 12-month high of $84.98.
Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.87. The company had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. On average, analysts expect that Sensient Technologies Corporation will post $3.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 of this dividend is Wednesday, August 2nd. Sensient Technologies Corporation’s payout ratio is 48.39%.
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Several research analysts have recently commented on the company. Zacks Investment Research downgraded Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. BidaskClub downgraded Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
In other Sensient Technologies Corporation news, Director Joseph Carleone purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $75.32 per share, with a total value of $75,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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