Versor Investments LP Takes Position in Sensient Technologies Co. (NYSE:SXT)

Versor Investments LP bought a new position in Sensient Technologies Co. (NYSE:SXT) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,300 shares of the specialty chemicals company’s stock, valued at approximately $345,000.

Several other hedge funds have also bought and sold shares of SXT. Algert Global LLC bought a new position in shares of Sensient Technologies in the second quarter valued at $4,218,000. Dimensional Fund Advisors LP lifted its position in Sensient Technologies by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after acquiring an additional 39,290 shares in the last quarter. Quest Partners LLC boosted its stake in Sensient Technologies by 565.2% during the 2nd quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company’s stock valued at $3,001,000 after purchasing an additional 34,367 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Sensient Technologies by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock worth $40,211,000 after purchasing an additional 27,967 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Sensient Technologies in the second quarter worth approximately $1,287,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird increased their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th.

Insider Activity

In other news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This represents a 9.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Performance

SXT stock opened at $77.00 on Friday. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.26 billion, a PE ratio of 36.84 and a beta of 0.76. The business has a 50 day moving average of $77.53 and a 200-day moving average of $76.20. Sensient Technologies Co. has a 12-month low of $55.02 and a 12-month high of $82.99.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, sell-side analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Monday, November 4th. Sensient Technologies’s payout ratio is 78.47%.

Sensient Technologies 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.