Garrison Financial Corp reduced its stake in Sensient Technologies Corporation (NYSE:SXT) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,334 shares of the specialty chemicals company’s stock after selling 1,319 shares during the period. Sensient Technologies Corporation accounts for about 2.4% of Garrison Financial Corp’s portfolio, making the stock its 8th largest position. Garrison Financial Corp owned about 0.12% of Sensient Technologies Corporation worth $4,214,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Sensient Technologies Corporation by 22,190.3% in the first quarter. BlackRock Inc. now owns 4,553,467 shares of the specialty chemicals company’s stock valued at $360,908,000 after buying an additional 4,533,039 shares during the last quarter. Vanguard Group Inc. increased its position in Sensient Technologies Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,145,433 shares of the specialty chemicals company’s stock valued at $328,567,000 after buying an additional 256,125 shares during the last quarter. State Street Corp increased its position in Sensient Technologies Corporation by 1.1% in the first quarter. State Street Corp now owns 1,428,490 shares of the specialty chemicals company’s stock valued at $113,220,000 after buying an additional 15,130 shares during the last quarter. Wellington Management Group LLP increased its position in Sensient Technologies Corporation by 0.4% in the first quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock valued at $107,637,000 after buying an additional 5,490 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in Sensient Technologies Corporation by 13.8% in the first quarter. Aberdeen Asset Management PLC UK now owns 769,474 shares of the specialty chemicals company’s stock valued at $60,988,000 after buying an additional 93,026 shares during the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.
Shares of Sensient Technologies Corporation (NYSE SXT) opened at 74.08 on Friday. The stock has a market capitalization of $3.25 billion, a PE ratio of 29.83 and a beta of 1.07. Sensient Technologies Corporation has a 52 week low of $68.51 and a 52 week high of $84.98. The stock has a 50 day moving average of $78.25 and a 200-day moving average of $79.53.
Sensient Technologies Corporation (NYSE:SXT) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. The firm had revenue of $338.48 million during the quarter. On average, equities research analysts expect that Sensient Technologies Corporation will post $3.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio is currently 48.39%.
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A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, June 2nd.
In other news, Director Joseph Carleone bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $75.32 per share, for a total transaction of $75,320.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.95% of the company’s stock.
About Sensient Technologies Corporation
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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