Strs Ohio Cuts Position in Sensient Technologies Co. (NYSE:SXT)

Strs Ohio cut its stake in Sensient Technologies Co. (NYSE:SXTGet Rating) by 17.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,300 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Strs Ohio’s holdings in Sensient Technologies were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Truist Financial Corp grew its position in Sensient Technologies by 2.8% in the third quarter. Truist Financial Corp now owns 7,510 shares of the specialty chemicals company’s stock worth $520,000 after acquiring an additional 205 shares in the last quarter. Granite Investment Partners LLC boosted its position in Sensient Technologies by 1.4% during the third quarter. Granite Investment Partners LLC now owns 68,713 shares of the specialty chemicals company’s stock valued at $4,765,000 after buying an additional 925 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Sensient Technologies during the third quarter valued at about $777,000. Boston Trust Walden Corp boosted its position in Sensient Technologies by 3.3% during the third quarter. Boston Trust Walden Corp now owns 402,257 shares of the specialty chemicals company’s stock valued at $27,893,000 after buying an additional 12,695 shares during the period. Finally, Legal & General Group Plc boosted its position in Sensient Technologies by 2.2% during the second quarter. Legal & General Group Plc now owns 105,271 shares of the specialty chemicals company’s stock valued at $8,481,000 after buying an additional 2,221 shares during the period. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SXT shares. Robert W. Baird cut their price target on shares of Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, October 24th. Sidoti upgraded shares of Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Monday, October 10th. Finally, StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, October 30th.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $74.00 on Friday. The company has a current ratio of 3.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $73.85 and a 200-day moving average of $76.00. The firm has a market cap of $3.11 billion, a P/E ratio of 22.42 and a beta of 0.88. Sensient Technologies Co. has a 1-year low of $63.17 and a 1-year high of $91.64.

Sensient Technologies (NYSE:SXTGet Rating) last posted its earnings results on Friday, October 21st. The specialty chemicals company reported $0.85 earnings per share for the quarter. The company had revenue of $361.10 million during the quarter, compared to analyst estimates of $364.28 million. Sensient Technologies had a net margin of 9.73% and a return on equity of 14.93%. Sensient Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share.

Sensient Technologies Profile

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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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