Wellington Management Group LLP Lowers Stake in Sensient Technologies Co. (NYSE:SXT)

Wellington Management Group LLP lowered its position in shares of Sensient Technologies Co. (NYSE:SXT) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,773 shares of the specialty chemicals company’s stock after selling 2,471 shares during the quarter. Wellington Management Group LLP’s holdings in Sensient Technologies were worth $18,192,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in Sensient Technologies by 3.7% during the third quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock valued at $135,902,000 after purchasing an additional 60,622 shares in the last quarter. Centiva Capital LP purchased a new position in Sensient Technologies during the third quarter valued at approximately $497,000. ClearAlpha Technologies LP purchased a new position in Sensient Technologies during the third quarter valued at approximately $280,000. Paloma Partners Management Co purchased a new position in shares of Sensient Technologies in the third quarter worth $210,000. Finally, Verition Fund Management LLC purchased a new position in shares of Sensient Technologies in the third quarter worth $635,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Down 0.1 %

Shares of SXT opened at $77.33 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. Sensient Technologies Co. has a fifty-two week low of $55.02 and a fifty-two week high of $82.99. The stock has a market capitalization of $3.28 billion, a PE ratio of 37.00 and a beta of 0.76. The company’s fifty day moving average is $77.75 and its 200 day moving average is $76.53.

Sensient Technologies (NYSE:SXT) last posted 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. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business had revenue of $392.61 million for the quarter, compared to analysts’ expectations of $390.64 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, November 4th. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the sale, the insider now directly owns 36,518 shares of the company’s stock, valued at $2,938,968.64. The trade was a 9.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

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.