Texas Permanent School Fund Has $2.60 Million Position in Sensient Technologies Corporation (SXT)

Texas Permanent School Fund boosted its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,314 shares of the specialty chemicals company’s stock after buying an additional 197 shares during the period. Texas Permanent School Fund owned 0.07% of Sensient Technologies Corporation worth $2,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Teachers Advisors LLC raised its position in shares of Sensient Technologies Corporation by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 73,211 shares of the specialty chemicals company’s stock worth $5,753,000 after buying an additional 1,776 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Sensient Technologies Corporation by 40.9% in the fourth quarter. Macquarie Group Ltd. now owns 38,600 shares of the specialty chemicals company’s stock worth $3,033,000 after buying an additional 11,200 shares during the last quarter. First National Bank of Omaha raised its position in shares of Sensient Technologies Corporation by 39.1% in the first quarter. First National Bank of Omaha now owns 18,289 shares of the specialty chemicals company’s stock worth $1,450,000 after buying an additional 5,145 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Sensient Technologies Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 4,126 shares of the specialty chemicals company’s stock worth $327,000 after buying an additional 80 shares during the last quarter. Finally, Horan Securities Inc. purchased a new position in shares of Sensient Technologies Corporation during the first quarter worth $124,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.

Sensient Technologies Corporation (NYSE:SXT) traded down 0.26% on Friday, reaching $72.62. The company had a trading volume of 208,619 shares. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The firm has a market capitalization of $3.19 billion, a P/E ratio of 29.25 and a beta of 1.07. The company’s 50-day moving average price is $77.32 and its 200 day moving average price is $79.39.

Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. The company had revenue of $338.48 million during the quarter. On average, equities analysts forecast that Sensient Technologies Corporation will post $3.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.20 annualized dividend and a yield of 1.65%. Sensient Technologies Corporation’s dividend payout ratio is presently 48.39%.

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SXT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, May 2nd. BidaskClub lowered Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.

In other Sensient Technologies Corporation news, Director Joseph Carleone purchased 1,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was bought at an average price of $75.32 per share, with a total value of $75,320.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.

Sensient Technologies Corporation Company Profile

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.

Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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