Sensient Technologies Corporation $SXT Shares Sold by Ethic Inc.

Ethic Inc. reduced its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 15.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,217 shares of the specialty chemicals company’s stock after selling 1,514 shares during the quarter. Ethic Inc.’s holdings in Sensient Technologies were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Private Trust Co. NA acquired a new position in shares of Sensient Technologies during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Sensient Technologies by 132.6% in the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Sensient Technologies in the second quarter valued at $59,000. ST Germain D J Co. Inc. acquired a new stake in shares of Sensient Technologies during the second quarter valued at $89,000. Finally, Russell Investments Group Ltd. increased its position in Sensient Technologies by 52.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock worth $94,000 after purchasing an additional 433 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $95.05 on Tuesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 29.98 and a beta of 0.56. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The stock’s 50-day moving average is $102.35 and its 200-day moving average is $100.09.

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

Wall Street Analyst Weigh In

SXT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Robert W. Baird raised their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.