Sensient Technologies Co. (NYSE:SXT) Stake Reduced by Brown Financial Advisory

Brown Financial Advisory trimmed its stake in Sensient Technologies Co. (NYSE:SXT) by 16.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,708 shares of the specialty chemicals company’s stock after selling 2,084 shares during the quarter. Sensient Technologies makes up about 0.6% of Brown Financial Advisory’s investment portfolio, making the stock its 15th largest holding. Brown Financial Advisory’s holdings in Sensient Technologies were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SXT. Diversified Trust Co increased its position in Sensient Technologies by 2.4% in the 2nd quarter. Diversified Trust Co now owns 11,664 shares of the specialty chemicals company’s stock valued at $865,000 after acquiring an additional 275 shares during the period. CWM LLC increased its holdings in shares of Sensient Technologies by 30.5% during the fourth 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. Louisiana State Employees Retirement System raised its stake in shares of Sensient Technologies by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the specialty chemicals company’s stock valued at $1,580,000 after purchasing an additional 400 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Sensient Technologies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 36,977 shares of the specialty chemicals company’s stock worth $2,558,000 after purchasing an additional 479 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in Sensient Technologies by 9.9% in 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 buying an additional 638 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Insider Buying and Selling at Sensient Technologies

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the sale, the director now owns 15,162 shares in the company, valued at $1,077,714.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Up 1.8 %

Shares of Sensient Technologies stock traded up $1.34 during midday trading on Friday, reaching $75.46. 169,382 shares of the company’s stock traded hands, compared to its average volume of 155,864. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.72 and a current ratio of 4.16. Sensient Technologies Co. has a 52 week low of $52.90 and a 52 week high of $82.99. The company’s 50 day simple moving average is $75.28 and its 200 day simple moving average is $72.15. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 35.10 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 EPS for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. The business had revenue of $403.53 million for the quarter. Equities analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. Sensient Technologies’s dividend payout ratio is presently 76.28%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SXT shares. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird lifted 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.

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.