Jupiter Topco LLC acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,713,595 shares of the specialty chemicals company’s stock, valued at approximately $211,264,000.
Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Sensient Technologies in the 2nd quarter valued at about $818,403,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Sensient Technologies during the 1st quarter worth about $77,955,000. Norges Bank bought a new stake in shares of Sensient Technologies during the 4th quarter worth about $49,867,000. Parsifal Capital Management LP acquired a new stake in shares of Sensient Technologies in the 3rd quarter worth approximately $46,784,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Sensient Technologies in the 2nd quarter worth approximately $47,173,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Sensient Technologies Stock Up 0.2%
NYSE SXT opened at $137.11 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. The company’s 50 day simple moving average is $123.44 and its 200 day simple moving average is $109.85. Sensient Technologies Corporation has a 12 month low of $82.60 and a 12 month high of $138.82. The company has a market capitalization of $5.84 billion, a P/E ratio of 36.96 and a beta of 0.78.
Sensient Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 3rd. Sensient Technologies’s dividend payout ratio is 44.20%.
Insider Activity at Sensient Technologies
In other news, Director Mario Ferruzzi sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the completion of the sale, the director directly owned 7,352 shares of the company’s stock, valued at $951,936.96. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.
Analyst Upgrades and Downgrades
SXT has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Rothschild & Co Redburn assumed coverage on Sensient Technologies in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 target price for the company. Zacks Research raised Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings raised Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Finally, Robert W. Baird raised their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $140.00.
Read Our Latest Research Report on SXT
Sensient Technologies Company Profile
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.
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