Inspire Investing LLC Acquires New Holdings in Sensient Technologies Co. (NYSE:SXT) – Defense World
Posted by admin on Jul 8th, 2022 
Inspire Investing LLC acquired a new stake in shares of Sensient Technologies Co. (NYSE:SXT – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,808 shares of the specialty chemicals company’s stock, valued at approximately $236,000.
A number of other large investors have also recently modified their holdings of SXT. BNP Paribas Arbitrage SA grew its stake in Sensient Technologies by 15.7% during the third quarter. BNP Paribas Arbitrage SA now owns 14,070 shares of the specialty chemicals company’s stock valued at $1,281,000 after acquiring an additional 1,911 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Sensient Technologies by 195.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,218 shares of the specialty chemicals company’s stock valued at $922,000 after purchasing an additional 6,100 shares during the last quarter. Retirement Systems of Alabama lifted its position in Sensient Technologies by 0.8% during the fourth quarter. Retirement Systems of Alabama now owns 55,033 shares of the specialty chemicals company’s stock valued at $5,507,000 after purchasing an additional 449 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Sensient Technologies by 11.7% during the fourth quarter. Russell Investments Group Ltd. now owns 14,041 shares of the specialty chemicals company’s stock valued at $1,403,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Donaldson Capital Management LLC lifted its position in Sensient Technologies by 6.7% during the fourth quarter. Donaldson Capital Management LLC now owns 2,775 shares of the specialty chemicals company’s stock valued at $278,000 after purchasing an additional 175 shares during the last quarter. 87.16% of the stock is owned by institutional investors.
Separately, StockNews.com began coverage on shares of Sensient Technologies in a research report on Thursday, March 31st. They set a “hold” rating for the company.
Shares of Sensient Technologies stock opened at $81.24 on Friday. Sensient Technologies Co. has a 1 year low of $72.75 and a 1 year high of $106.32. The firm has a market cap of $3.41 billion, a PE ratio of 27.63 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.65 and a quick ratio of 1.68. The company has a 50 day simple moving average of $82.22 and a two-hundred day simple moving average of $84.39.
Sensient Technologies (NYSE:SXT – Get Rating) last announced its earnings results on Friday, April 29th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $355.50 million during the quarter, compared to analyst estimates of $355.32 million. Sensient Technologies had a net margin of 9.02% and a return on equity of 14.45%. Sensient Technologies’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 9th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. Sensient Technologies’s payout ratio is 55.78%.
In other Sensient Technologies news, major shareholder Winder Investment Pte Ltd acquired 12,870 shares of the stock in a transaction dated Tuesday, April 19th. The stock was purchased at an average cost of $84.50 per share, for a total transaction of $1,087,515.00. Following the acquisition, the insider now owns 5,493,948 shares in the company, valued at approximately $464,238,606. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 481,292 shares of company stock valued at $40,400,374. Company insiders own 1.00% of the company’s stock.
Sensient Technologies Profile (Get Rating)
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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