Algert Global LLC Grows Stock Position in Sensient Technologies Co. (NYSE:SXT)

Algert Global LLC increased its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,875 shares of the specialty chemicals company's stock after purchasing an additional 7,023 shares during the quarter. Algert Global LLC owned approximately 0.15% of Sensient Technologies worth $5,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Sensient Technologies by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,959 shares of the specialty chemicals company's stock worth $1,727,000 after acquiring an additional 1,532 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Sensient Technologies in the 1st quarter valued at $208,000. Tidal Investments LLC acquired a new position in shares of Sensient Technologies during the 1st quarter valued at $400,000. Linden Thomas Advisory Services LLC lifted its position in shares of Sensient Technologies by 9.9% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,081 shares of the specialty chemicals company's stock valued at $525,000 after acquiring an additional 638 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Sensient Technologies by 170.2% in the second quarter. SG Americas Securities LLC now owns 7,926 shares of the specialty chemicals company's stock worth $588,000 after purchasing an additional 4,993 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on SXT shares. StockNews.com upgraded Sensient Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Robert W. Baird increased their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, July 29th.

Insider Activity

In related news, insider Michael C. Geraghty sold 4,000 shares of Sensient Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the sale, the insider now directly owns 36,518 shares in the company, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Sensient Technologies Stock Up 0.7 %

Shares of NYSE:SXT traded up $0.53 during midday trading on Monday, hitting $79.20. 279,396 shares of the company's stock were exchanged, compared to its average volume of 174,665. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99. The company has a market cap of $3.35 billion, a PE ratio of 37.89 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The stock has a 50 day moving average price of $77.90 and a 200-day moving average price of $76.33.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. During the same period in the previous year, the company posted $0.75 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies's dividend payout ratio is 78.47%.

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.