Mutual of America Capital Management LLC Cuts Stock Position in Sensient Technologies Corporation (NYSE:SXT)

Mutual of America Capital Management LLC cut its holdings in Sensient Technologies Corporation (NYSE:SXT) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,169 shares of the specialty chemicals company’s stock after selling 248 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sensient Technologies were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jefferies Financial Group Inc. increased its position in shares of Sensient Technologies by 77.4% in the first quarter. Jefferies Financial Group Inc. now owns 40,983 shares of the specialty chemicals company’s stock valued at $3,050,000 after buying an additional 17,883 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Sensient Technologies during the first quarter worth approximately $1,290,000. Mackenzie Financial Corp increased its position in shares of Sensient Technologies by 19.5% during the first quarter. Mackenzie Financial Corp now owns 6,023 shares of the specialty chemicals company’s stock worth $448,000 after purchasing an additional 981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sensient Technologies by 19.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,395 shares of the specialty chemicals company’s stock worth $774,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Sensient Technologies during the first quarter worth approximately $379,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SXT has been the subject of several research reports. CJS Securities initiated coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a “market perform” rating and a $95.00 price target for the company. Robert W. Baird boosted their price target on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd.

Sensient Technologies Stock Performance

NYSE SXT opened at $116.04 on Tuesday. The stock’s fifty day moving average is $104.76 and its two-hundred day moving average is $88.31. The firm has a market capitalization of $4.93 billion, a P/E ratio of 36.61 and a beta of 0.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. Sensient Technologies Corporation has a fifty-two week low of $66.14 and a fifty-two week high of $118.62.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies’s dividend payout ratio is 51.74%.

About Sensient Technologies

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.