7,915 Shares in Sensient Technologies Co. (NYSE:SXT) Purchased by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in Sensient Technologies Co. (NYSE:SXT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 7,915 shares of the specialty chemicals company's stock, valued at approximately $635,000.

A number of other institutional investors have also made changes to their positions in SXT. Quarry LP bought a new position in Sensient Technologies in the 2nd quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in Sensient Technologies in the 3rd quarter valued at $72,000. Hantz Financial Services Inc. acquired a new position in shares of Sensient Technologies during the second quarter valued at about $129,000. Blue Trust Inc. lifted its stake in shares of Sensient Technologies by 2,753.7% in the third quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company's stock valued at $142,000 after buying an additional 1,845 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Sensient Technologies during the second quarter worth about $214,000. 90.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sensient Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th.

Insider Buying and Selling at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the sale, the insider now owns 36,518 shares of the company's stock, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Sensient Technologies Stock Performance

Sensient Technologies stock traded up $0.38 on Wednesday, hitting $77.02. The company's stock had a trading volume of 246,859 shares, compared to its average volume of 175,188. The company has a fifty day moving average price of $77.74 and a 200-day moving average price of $76.51. The firm has a market cap of $3.26 billion, a P/E ratio of 36.85 and a beta of 0.76. Sensient Technologies Co. has a one year low of $55.02 and a one year high of $82.99. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58.

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

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. Sensient Technologies's payout ratio is presently 78.47%.

Sensient Technologies Company 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.