Principal Financial Group Inc. raised its position in Sensient Technologies Corp. (NYSE:SXT) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,309 shares of the company’s stock after buying an additional 18,945 shares during the period. Principal Financial Group Inc. owned 0.38% of Sensient Technologies Corp. worth $11,885,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in Sensient Technologies Corp. by 6.0% in the second quarter. Handelsbanken Fonder AB now owns 878,700 shares of the company’s stock worth $62,423,000 after buying an additional 50,000 shares during the period. Silvercrest Asset Management Group LLC raised its position in Sensient Technologies Corp. by 0.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 852,985 shares of the company’s stock worth $54,131,000 after buying an additional 7,316 shares during the period. Wellington Management Group LLP raised its position in Sensient Technologies Corp. by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,410,627 shares of the company’s stock worth $89,518,000 after buying an additional 73,323 shares during the period. BlackRock Inc. raised its position in Sensient Technologies Corp. by 6.5% in the first quarter. BlackRock Inc. now owns 17,964 shares of the company’s stock worth $1,140,000 after buying an additional 1,097 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Sensient Technologies Corp. by 40.5% in the second quarter. Nisa Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $1,158,000 after buying an additional 4,700 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sensient Technologies Corp. (NYSE:SXT) opened at 73.18 on Wednesday. The stock’s 50 day moving average is $74.64 and its 200 day moving average is $70.56. Sensient Technologies Corp. has a 52-week low of $52.69 and a 52-week high of $76.15. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 31.07 and a beta of 0.97.
Sensient Technologies Corp. (NYSE:SXT) last issued its earnings results on Friday, July 22nd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Sensient Technologies Corp. had a net margin of 7.65% and a return on equity of 16.08%. The company had revenue of $360.80 million for the quarter, compared to analyst estimates of $348.80 million. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts expect that Sensient Technologies Corp. will post $3.23 earnings per share for the current fiscal year.
A number of research analysts have weighed in on SXT shares. Sidoti started coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They issued a “neutral” rating on the stock. Zacks Investment Research lowered shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Finally, Gabelli lowered shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $73.75.
In other news, Director Essie Whitelaw sold 1,269 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $74.00, for a total value of $93,906.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.87% of the stock is currently owned by insiders.
Sensient Technologies Corp. 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.
Receive News & Ratings for Sensient Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies Corp. and related companies with MarketBeat.com's FREE daily email newsletter.