Teacher Retirement System of Texas Boosts Stock Position in Sensient Technologies Co. (NYSE:SXT) – Defense World
Posted by admin on Aug 21st, 2022 
Teacher Retirement System of Texas raised its stake in Sensient Technologies Co. (NYSE:SXT – Get Rating) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,650 shares of the specialty chemicals company’s stock after purchasing an additional 459 shares during the period. Teacher Retirement System of Texas’ holdings in Sensient Technologies were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SXT. Covestor Ltd purchased a new stake in shares of Sensient Technologies during the fourth quarter worth about $26,000. Ellevest Inc. grew its stake in shares of Sensient Technologies by 22.6% during the first quarter. Ellevest Inc. now owns 1,027 shares of the specialty chemicals company’s stock worth $86,000 after acquiring an additional 189 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Sensient Technologies during the first quarter worth about $121,000. Baird Financial Group Inc. acquired a new stake in shares of Sensient Technologies during the fourth quarter worth about $207,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Sensient Technologies during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 87.16% of the company’s stock.
In related news, major shareholder Winder Investment Pte Ltd purchased 16,743 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was bought at an average cost of $85.36 per share, with a total value of $1,429,182.48. Following the completion of the acquisition, the insider now owns 6,286,118 shares of the company’s stock, valued at approximately $536,583,032.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
Sensient Technologies stock opened at $86.48 on Friday. The company has a quick ratio of 1.40, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. Sensient Technologies Co. has a 52 week low of $72.75 and a 52 week high of $106.32. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 26.61 and a beta of 0.87. The stock has a 50-day moving average price of $81.88 and a 200 day moving average price of $82.38.
Sensient Technologies (NYSE:SXT – Get Rating) last released its earnings results on Friday, July 22nd. The specialty chemicals company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Sensient Technologies had a return on equity of 14.96% and a net margin of 9.69%. The firm had revenue of $371.70 million during the quarter, compared to the consensus estimate of $358.70 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, July 29th. Sensient Technologies’s dividend payout ratio (DPR) is 50.46%.
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Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.
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