Itau Unibanco Holding S.A. Buys Shares of 3,771 Sensient Technologies Co. (SXT)

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Itau Unibanco Holding S.A. purchased a new position in Sensient Technologies Co. (NYSE:SXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,771 shares of the specialty chemicals company’s stock, valued at approximately $270,000.

Several other large investors also recently modified their holdings of SXT. Champlain Investment Partners LLC increased its holdings in shares of Sensient Technologies by 232.9% in the 1st quarter. Champlain Investment Partners LLC now owns 933,930 shares of the specialty chemicals company’s stock worth $65,917,000 after buying an additional 653,380 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sensient Technologies by 79.9% in the 2nd quarter. Victory Capital Management Inc. now owns 994,997 shares of the specialty chemicals company’s stock worth $71,192,000 after buying an additional 441,987 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Sensient Technologies by 5.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,815,218 shares of the specialty chemicals company’s stock worth $272,979,000 after buying an additional 194,486 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Sensient Technologies by 30.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 823,849 shares of the specialty chemicals company’s stock worth $58,946,000 after buying an additional 192,741 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Sensient Technologies by 3.1% in the 1st quarter. BlackRock Inc. now owns 4,904,218 shares of the specialty chemicals company’s stock worth $346,140,000 after buying an additional 145,209 shares during the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SXT opened at $72.16 on Friday. The firm has a market capitalization of $3.04 billion, a PE ratio of 21.10 and a beta of 0.82. Sensient Technologies Co. has a one year low of $65.56 and a one year high of $80.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.83 and a current ratio of 4.16.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 20th. The specialty chemicals company reported $0.92 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.92. The firm had revenue of $363.00 million for the quarter. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. Sensient Technologies’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. research analysts expect that Sensient Technologies Co. will post 3.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 3rd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, August 2nd. Sensient Technologies’s dividend payout ratio is currently 38.60%.

A number of brokerages have recently commented on SXT. TheStreet raised shares of Sensient Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, June 26th. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, ValuEngine raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Sensient Technologies presently has a consensus rating of “Hold” and an average target price of $87.58.

Sensient Technologies Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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