Robeco Institutional Asset Management B.V. Acquires 7,310 Shares of Sensient Technologies Corporation (NYSE:SXT)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 29.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,759 shares of the specialty chemicals company’s stock after acquiring an additional 7,310 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Sensient Technologies worth $2,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SXT. Summit Investment Advisors Inc. boosted its position in Sensient Technologies by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company’s stock valued at $314,000 after acquiring an additional 203 shares in the last quarter. Versor Investments LP lifted its position in Sensient Technologies by 5.1% during the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock worth $322,000 after acquiring an additional 221 shares during the period. GAMMA Investing LLC lifted its position in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares during the period. Xponance Inc. lifted its position in Sensient Technologies by 9.5% during the 4th quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company’s stock worth $215,000 after acquiring an additional 261 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Sensient Technologies by 49.4% in the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock valued at $66,000 after buying an additional 304 shares during the period. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Price Performance

SXT stock opened at $104.10 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.34 and a quick ratio of 1.74. The business has a 50 day simple moving average of $94.56 and a 200-day simple moving average of $80.52. The firm has a market capitalization of $4.42 billion, a PE ratio of 34.47 and a beta of 0.56. Sensient Technologies Corporation has a 1 year low of $66.15 and a 1 year high of $104.39.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $392.33 million during the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. Equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, May 12th. Sensient Technologies’s dividend payout ratio (DPR) is 54.30%.

Insider Buying and Selling

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the transaction, the director directly owned 7,946 shares in the company, valued at $758,445.70. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Sensient Technologies from $85.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, April 28th. CJS Securities assumed coverage on Sensient Technologies in a research note on Tuesday, June 10th. They issued a “market perform” rating and a $95.00 price target for the company. Finally, Wall Street Zen lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

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.