Simplex Trading LLC Buys 7,889 Shares of Sensient Technologies Co. (NYSE:SXT)

Simplex Trading LLC increased its stake in shares of Sensient Technologies Co. (NYSE:SXTGet Rating) by 78,890.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,899 shares of the specialty chemicals company’s stock after acquiring an additional 7,889 shares during the quarter. Simplex Trading LLC’s holdings in Sensient Technologies were worth $663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in Sensient Technologies during the fourth quarter worth $22,131,000. State Street Corp boosted its stake in Sensient Technologies by 4.7% during the fourth quarter. State Street Corp now owns 1,324,414 shares of the specialty chemicals company’s stock worth $132,521,000 after buying an additional 59,019 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sensient Technologies by 53.0% during the fourth quarter. JPMorgan Chase & Co. now owns 158,596 shares of the specialty chemicals company’s stock worth $15,869,000 after buying an additional 54,952 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in Sensient Technologies by 8.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 561,405 shares of the specialty chemicals company’s stock worth $56,175,000 after buying an additional 43,643 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Sensient Technologies by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 749,269 shares of the specialty chemicals company’s stock worth $74,971,000 after buying an additional 39,281 shares in the last quarter. Institutional investors own 87.16% of the company’s stock.

Sensient Technologies Stock Up 1.1 %

SXT opened at $86.89 on Tuesday. The firm’s 50-day simple moving average is $81.75 and its 200-day simple moving average is $82.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.40 and a current ratio of 3.11. Sensient Technologies Co. has a twelve month low of $72.75 and a twelve month high of $106.32. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 26.74 and a beta of 0.87.

Sensient Technologies (NYSE:SXTGet Rating) last posted its earnings results on Friday, July 22nd. The specialty chemicals company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Sensient Technologies had a net margin of 9.69% and a return on equity of 14.96%. The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $358.70 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, July 29th. Sensient Technologies’s payout ratio is 50.46%.

Insider Transactions at Sensient Technologies

In related news, major shareholder Winder Investment Pte Ltd purchased 16,743 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average price of $85.36 per share, for a total transaction of $1,429,182.48. Following the transaction, the insider now directly owns 6,286,118 shares in the company, valued at $536,583,032.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have bought 247,508 shares of company stock valued at $20,674,025. 1.00% of the stock is owned by insiders.

Sensient Technologies Profile

(Get Rating)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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