Chesapeake Capital Corp IL Grows Holdings in Sensient Technologies Co. (NYSE:SXT)

Chesapeake Capital Corp IL boosted its holdings in Sensient Technologies Co. (NYSE:SXT) by 18.1% in the 3rd quarter, Holdings Channel reports. The firm owned 8,143 shares of the specialty chemicals company’s stock after purchasing an additional 1,246 shares during the period. Chesapeake Capital Corp IL’s holdings in Sensient Technologies were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Sensient Technologies by 5.2% during the 2nd quarter. Van ECK Associates Corp now owns 3,680 shares of the specialty chemicals company’s stock worth $273,000 after buying an additional 183 shares during the last quarter. Arizona State Retirement System raised its position in Sensient Technologies by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,076 shares of the specialty chemicals company’s stock worth $748,000 after buying an additional 206 shares during the last quarter. Diversified Trust Co raised its position in Sensient Technologies by 2.4% during the 2nd quarter. Diversified Trust Co now owns 11,664 shares of the specialty chemicals company’s stock worth $865,000 after buying an additional 275 shares during the last quarter. US Bancorp DE raised its position in Sensient Technologies by 6.1% during the 3rd quarter. US Bancorp DE now owns 6,355 shares of the specialty chemicals company’s stock worth $510,000 after buying an additional 366 shares during the last quarter. Finally, Quarry LP purchased a new position in Sensient Technologies during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Buying and Selling

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of Sensient Technologies 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Sensient Technologies Stock Performance

NYSE:SXT opened at $77.00 on Friday. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $77.53 and a two-hundred day moving average price of $76.22. Sensient Technologies Co. has a twelve month low of $55.02 and a twelve month high of $82.99. The company has a market capitalization of $3.26 billion, a P/E ratio of 36.84 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.41 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

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.