Sensient Technologies Co. (NYSE:SXT) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its position in Sensient Technologies Co. (NYSE:SXT - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,547,088 shares of the specialty chemicals company's stock after selling 141,013 shares during the quarter. Nordea Investment Management AB owned 3.65% of Sensient Technologies worth $106,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. BRYN MAWR TRUST Co increased its position in shares of 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 last quarter. Public Sector Pension Investment Board bought a new position in shares of Sensient Technologies during the 3rd quarter valued at approximately $3,054,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Sensient Technologies by 90.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,604 shares of the specialty chemicals company's stock valued at $854,000 after purchasing an additional 6,945 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sensient Technologies by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,325,028 shares of the specialty chemicals company's stock valued at $311,408,000 after purchasing an additional 457,446 shares during the last quarter. Finally, Diversified Trust Co increased its position in shares of Sensient Technologies by 36.0% during the 4th quarter. Diversified Trust Co now owns 9,589 shares of the specialty chemicals company's stock valued at $633,000 after purchasing an additional 2,536 shares during the last quarter. Institutional investors own 90.86% of the company's stock.

Insiders Place Their Bets

In other news, insider Steven B. Morris sold 400 shares of the business's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total value of $29,188.00. Following the completion of the transaction, the insider now directly owns 4,082 shares of the company's stock, valued at approximately $297,863.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Essie Whitelaw sold 600 shares of the company's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $75.84, for a total transaction of $45,504.00. Following the transaction, the director now directly owns 21,826 shares of the company's stock, valued at approximately $1,655,283.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven B. Morris sold 400 shares of the company's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total value of $29,188.00. Following the transaction, the insider now directly owns 4,082 shares in the company, valued at $297,863.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,037 shares of company stock worth $153,245. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SXT. Robert W. Baird boosted their price objective on Sensient Technologies from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, April 29th. StockNews.com cut Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 15th.

Sensient Technologies Stock Up 0.4 %

Shares of SXT stock traded up $0.33 during mid-day trading on Monday, hitting $74.36. The stock had a trading volume of 108,120 shares, compared to its average volume of 199,032. Sensient Technologies Co. has a 12-month low of $52.90 and a 12-month high of $78.77. The firm has a market capitalization of $3.15 billion, a P/E ratio of 34.59 and a beta of 0.76. The firm's 50-day moving average is $75.22 and its two-hundred day moving average is $69.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.31 and a quick ratio of 1.71.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The business had revenue of $384.67 million during the quarter. On average, analysts predict that Sensient Technologies Co. will post 2.85 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, May 3rd. Sensient Technologies's dividend payout ratio is 76.28%.

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.