Crossmark Global Holdings Inc. Decreases Position in Sensient Technologies Co. (NYSE:SXT)

Crossmark Global Holdings Inc. decreased its holdings in shares of Sensient Technologies Co. (NYSE:SXT – Get Rating) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,573 shares of the specialty chemicals company’s stock after selling 165 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sensient Technologies were worth $525,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Winder Investment Pte Ltd increased its position in Sensient Technologies by 20.8% during the second quarter. Winder Investment Pte Ltd now owns 6,304,914 shares of the specialty chemicals company’s stock worth $507,924,000 after buying an additional 1,085,879 shares during the period. Millennium Management LLC increased its position in Sensient Technologies by 147.8% during the second quarter. Millennium Management LLC now owns 368,534 shares of the specialty chemicals company’s stock worth $29,689,000 after buying an additional 219,834 shares during the period. First Trust Advisors LP increased its position in Sensient Technologies by 21.4% during the first quarter. First Trust Advisors LP now owns 768,621 shares of the specialty chemicals company’s stock worth $64,526,000 after buying an additional 135,641 shares during the period. Renaissance Technologies LLC acquired a new position in Sensient Technologies during the first quarter worth approximately $8,840,000. Finally, Granite Investment Partners LLC acquired a new position in shares of Sensient Technologies in the second quarter valued at approximately $5,461,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SXT. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a report on Sunday, October 30th. Sidoti raised Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Monday, October 10th. Finally, Robert W. Baird dropped their price objective on Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, October 24th.

Sensient Technologies Trading Down 1.7 %

Shares of SXT stock opened at $74.00 on Monday. The business’s fifty day moving average price is $73.85 and its 200 day moving average price is $75.97. Sensient Technologies Co. has a 1-year low of $63.17 and a 1-year high of $91.64. The firm has a market capitalization of $3.11 billion, a PE ratio of 22.42 and a beta of 0.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.45 and a quick ratio of 1.49.

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

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.