Pictet Asset Management Holding SA Sells 5,806 Shares of Sensient Technologies Corporation $SXT

Pictet Asset Management Holding SA cut its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,472 shares of the specialty chemicals company’s stock after selling 5,806 shares during the period. Pictet Asset Management Holding SA owned approximately 0.92% of Sensient Technologies worth $51,042,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SXT. Vise Technologies Inc. grew its position in shares of Sensient Technologies by 8.2% during the 3rd quarter. Vise Technologies Inc. now owns 2,387 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 180 shares during the period. Schwartz Investment Counsel Inc. acquired a new stake in shares of Sensient Technologies in the 3rd quarter valued at approximately $217,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Sensient Technologies in the 3rd quarter valued at approximately $1,229,000. Tower View Wealth Management LLC raised its position in shares of Sensient Technologies by 0.9% in the 3rd quarter. Tower View Wealth Management LLC now owns 17,902 shares of the specialty chemicals company’s stock valued at $2,340,000 after acquiring an additional 158 shares during the period. Finally, Gibbs Wealth Management boosted its stake in Sensient Technologies by 6.4% during the 3rd quarter. Gibbs Wealth Management now owns 9,817 shares of the specialty chemicals company’s stock worth $1,283,000 after acquiring an additional 591 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Sensient Technologies from $157.00 to $154.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Zacks Research lowered shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Robert W. Baird lifted their price target on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Sensient Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $139.67.

Sensient Technologies Trading Down 0.6%

NYSE SXT opened at $120.95 on Wednesday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $138.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 1.52. The firm has a market cap of $5.15 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.66 and a beta of 0.86. The stock’s 50-day moving average is $129.44 and its 200-day moving average is $114.43.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The firm had revenue of $455.84 million for the quarter, compared to analyst estimates of $459.05 million. Sensient Technologies had a net margin of 9.69% and a return on equity of 14.08%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Sell-side analysts anticipate that Sensient Technologies Corporation will post 4.20 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 9th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 9th. Sensient Technologies’s payout ratio is currently 41.31%.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures and markets colors, flavors and other specialty ingredients used by manufacturers around the world. Its products serve industries including food and beverages, pharmaceuticals, personal care, cosmetics and household products. The company operates through businesses focused on colors, flavors and extracts, and related specialty ingredients. Its offerings include natural and synthetic color solutions, flavor systems and extracts, and ingredients designed for use in a range of consumer and industrial products.