Wellington Management Group LLP Sells 2,471 Shares of Sensient Technologies Co. (NYSE:SXT)

Wellington Management Group LLP lowered its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 226,773 shares of the specialty chemicals company’s stock after selling 2,471 shares during the period. Wellington Management Group LLP owned about 0.54% of Sensient Technologies worth $18,192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kimelman & Baird LLC purchased a new position in Sensient Technologies during the 2nd quarter valued at about $1,287,000. Robeco Schweiz AG increased its stake in Sensient Technologies by 12.1% during the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock valued at $8,357,000 after purchasing an additional 12,150 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sensient Technologies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after purchasing an additional 7,235 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Sensient Technologies during the 2nd quarter valued at about $531,000. Finally, Citigroup Inc. increased its stake in Sensient Technologies by 88.4% during the 3rd quarter. Citigroup Inc. now owns 55,880 shares of the specialty chemicals company’s stock valued at $4,483,000 after purchasing an additional 26,219 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $77.33 on Friday. The company has a 50 day moving average price of $77.75 and a 200-day moving average price of $76.53. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99. The firm has a market capitalization of $3.28 billion, a PE ratio of 37.00 and a beta of 0.76. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT) last announced 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 firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, equities research analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.12%. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Insider Activity at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the business’s 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 completion of the sale, the insider now directly owns 36,518 shares in the company, valued at approximately $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 can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note 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.