Norges Bank Purchases New Stake in Sensient Technologies Co. (NYSE:SXT)

Norges Bank purchased a new stake in shares of Sensient Technologies Co. (NYSE:SXTFree Report) in the fourth quarter, Holdings Channel reports. The firm purchased 548,305 shares of the specialty chemicals company’s stock, valued at approximately $36,188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Sensient Technologies by 32.2% during the 3rd quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 265 shares during the last quarter. BRYN MAWR TRUST Co increased its position in Sensient Technologies by 0.5% during the 3rd quarter. BRYN MAWR TRUST Co now owns 60,126 shares of the specialty chemicals company’s stock valued at $3,516,000 after purchasing an additional 270 shares during the period. CWM LLC increased its position in Sensient Technologies by 30.5% during the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 364 shares during the period. Milestone Investment Advisors LLC purchased a new position in Sensient Technologies during the 3rd quarter valued at $29,000. Finally, PNC Financial Services Group Inc. increased its position in 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 valued at $130,000 after purchasing an additional 525 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Insider Transactions at Sensient Technologies

In other news, Director Essie Whitelaw sold 1,037 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $75.75, for a total value of $78,552.75. Following the sale, the director now directly owns 20,789 shares of the company’s stock, valued at approximately $1,574,766.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven B. Morris sold 400 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total transaction of $29,188.00. Following the sale, the insider now directly owns 4,082 shares of the company’s stock, valued at approximately $297,863.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Essie Whitelaw sold 1,037 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $78,552.75. Following the sale, the director now directly owns 20,789 shares in the company, valued at $1,574,766.75. The disclosure for this sale can be found here. Insiders have sold 2,037 shares of company stock valued at $153,245 in the last three months. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Sensient Technologies

Sensient Technologies Stock Up 3.4 %

Shares of Sensient Technologies stock opened at $76.76 on Friday. 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 company’s fifty day simple moving average is $71.86 and its two-hundred day simple moving average is $66.46. The company has a market cap of $3.25 billion, a P/E ratio of 35.70 and a beta of 0.76. Sensient Technologies Co. has a 12-month low of $52.90 and a 12-month high of $78.70.

Sensient Technologies (NYSE:SXTGet Free Report) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share for the quarter. The firm had revenue of $384.67 million for the quarter. Sensient Technologies had a net margin of 6.16% and a return on equity of 11.40%. Research analysts anticipate that Sensient Technologies Co. will post 2.85 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, May 3rd. Sensient Technologies’s dividend payout ratio is presently 76.28%.

Sensient Technologies Profile

(Free Report)

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.

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

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