Private Trust Co. NA Makes New Investment in Sensient Technologies Corporation $SXT

Private Trust Co. NA acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 294 shares of the specialty chemicals company’s stock, valued at approximately $29,000.

Several other large investors have also recently bought and sold shares of SXT. Nuveen LLC acquired a new position in Sensient Technologies during the 1st quarter worth $24,434,000. Armistice Capital LLC lifted its stake in shares of Sensient Technologies by 57.1% in the 1st quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock valued at $40,924,000 after purchasing an additional 199,827 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Sensient Technologies in the 1st quarter valued at $11,251,000. Rivermont Capital Management LP acquired a new position in shares of Sensient Technologies in the 1st quarter valued at $10,087,000. Finally, CW Advisors LLC raised its stake in Sensient Technologies by 1,439.8% during the 1st quarter. CW Advisors LLC now owns 94,156 shares of the specialty chemicals company’s stock worth $7,008,000 after buying an additional 88,041 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXT. Robert W. Baird raised their price objective on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sensient Technologies in a report on Friday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $96.68 on Friday. The company’s 50 day simple moving average is $102.78 and its 200 day simple moving average is $99.54. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 30.50 and a beta of 0.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $414.23 million for the quarter, compared to analysts’ expectations of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.