Cwm LLC Buys 364 Shares of Sensient Technologies Co. (NYSE:SXT)

Cwm LLC raised its stake in Sensient Technologies Co. (NYSE:SXT) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,558 shares of the specialty chemicals company’s stock after purchasing an additional 364 shares during the quarter. Cwm LLC’s holdings in Sensient Technologies were worth $103,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Milestone Investment Advisors LLC bought a new position in shares of Sensient Technologies in the third quarter valued at $29,000. Signaturefd LLC lifted its stake in Sensient Technologies by 1,486.7% in the third quarter. Signaturefd LLC now owns 714 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 669 shares during the last quarter. Covestor Ltd grew its position in shares of Sensient Technologies by 32.2% in the 3rd quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 265 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Sensient Technologies by 30.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 525 shares during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Sensient Technologies by 75.0% in the 3rd quarter. HM Payson & Co. now owns 2,800 shares of the specialty chemicals company’s stock valued at $164,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Stock Up 1.4 %

SXT stock opened at $75.01 on Tuesday. Sensient Technologies Co. has a 1-year low of $52.90 and a 1-year high of $78.70. The business’s 50 day simple moving average is $69.05 and its 200 day simple moving average is $64.23. The company has a current ratio of 4.31, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.18 billion, a PE ratio of 34.89 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $349.30 million during the quarter, compared to analyst estimates of $371.10 million. Sensient Technologies had a net margin of 6.16% and a return on equity of 11.40%. Sensient Technologies’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, research analysts anticipate that Sensient Technologies Co. will post 2.85 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.64 annualized dividend and a yield of 2.19%. Sensient Technologies’s dividend payout ratio (DPR) is presently 76.28%.

Analyst Ratings Changes

Separately, Robert W. Baird raised their target price on shares of Sensient Technologies from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, April 29th.

Insider Transactions at Sensient Technologies

In other news, insider Steven B. Morris sold 400 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the transaction, the insider now owns 4,082 shares in the company, valued at $297,863.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.