Short Interest in Sensient Technologies Co. (NYSE:SXT) Decreases By 17.1% – MarketBeat

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Sensient Technologies Co. (NYSE:SXT – Get Rating) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 815,100 shares, a drop of 17.1% from the October 15th total of 983,500 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 167,400 shares, the days-to-cover ratio is presently 4.9 days.

Sensient Technologies Price Performance

Shares of SXT stock opened at $72.43 on Friday. The stock has a 50-day moving average price of $71.75 and a 200 day moving average price of $78.97. The company has a quick ratio of 1.49, a current ratio of 3.45 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 21.95 and a beta of 0.89. Sensient Technologies has a 12 month low of $63.17 and a 12 month high of $106.32.
Sensient Technologies (NYSE:SXT – Get Rating) last announced its quarterly earnings data on Friday, October 21st. The specialty chemicals company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $361.10 million during the quarter, compared to analyst estimates of $364.28 million. Sensient Technologies had a return on equity of 14.93% and a net margin of 9.73%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.26%. Sensient Technologies’s payout ratio is 49.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SXT shares. Sidoti upgraded Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Monday, October 10th. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, October 30th. Finally, Robert W. Baird lowered their target price on Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, October 24th.

Hedge Funds Weigh In On Sensient Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXT. SG Americas Securities LLC boosted its holdings in Sensient Technologies by 614.7% during the first quarter. SG Americas Securities LLC now owns 26,287 shares of the specialty chemicals company’s stock worth $2,207,000 after buying an additional 22,609 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Sensient Technologies by 2.0% during the first quarter. Mutual of America Capital Management LLC now owns 38,326 shares of the specialty chemicals company’s stock worth $3,217,000 after buying an additional 734 shares during the last quarter. Simplex Trading LLC boosted its holdings in Sensient Technologies by 78,890.0% during the first quarter. Simplex Trading LLC now owns 7,899 shares of the specialty chemicals company’s stock worth $663,000 after buying an additional 7,889 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Sensient Technologies by 15.1% during the first quarter. State of New Jersey Common Pension Fund D now owns 31,499 shares of the specialty chemicals company’s stock worth $2,644,000 after buying an additional 4,127 shares during the last quarter. Finally, Versor Investments LP bought a new position in Sensient Technologies during the first quarter worth about $419,000. Institutional investors own 88.92% of the company’s stock.

Sensient Technologies Company Profile

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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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