Sensient Technologies Co. (NYSE:SXT) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its stake in Sensient Technologies Co. (NYSE:SXT) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,668 shares of the specialty chemicals company’s stock after selling 3,002 shares during the period. Aigen Investment Management LP’s holdings in Sensient Technologies were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SXT. Covestor Ltd lifted its holdings in Sensient Technologies by 32.2% in the third quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 265 shares during the period. BRYN MAWR TRUST Co boosted its stake in shares of Sensient Technologies by 0.5% in the third quarter. BRYN MAWR TRUST Co now owns 60,126 shares of the specialty chemicals company’s stock valued at $3,516,000 after purchasing an additional 270 shares during the period. Yousif Capital Management LLC raised its position in Sensient Technologies by 1.3% in the 3rd quarter. Yousif Capital Management LLC now owns 20,942 shares of the specialty chemicals company’s stock valued at $1,225,000 after purchasing an additional 274 shares in the last quarter. CWM LLC increased its holdings in Sensient Technologies by 30.5% in the fourth quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 364 shares during the last quarter. Finally, Milestone Investment Advisors LLC purchased a new stake in Sensient Technologies during the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Activity

In other Sensient Technologies news, insider Steven B. Morris sold 400 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the transaction, the insider now owns 4,082 shares in the company, valued at $297,863.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Steven B. Morris sold 400 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the transaction, the insider now directly owns 4,082 shares in the company, valued at $297,863.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Essie Whitelaw sold 1,037 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $78,552.75. Following the sale, the director now directly owns 20,789 shares in the company, valued at $1,574,766.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,037 shares of company stock valued at $153,245. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price target on shares of Sensient Technologies from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, April 29th.

Sensient Technologies Stock Down 0.4 %

Shares of NYSE SXT opened at $74.85 on Thursday. The firm’s 50 day moving average price is $71.08 and its 200 day moving average price is $65.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 4.31. The firm has a market cap of $3.17 billion, a P/E ratio of 34.94 and a beta of 0.76. Sensient Technologies Co. has a 1 year low of $52.90 and a 1 year high of $78.70.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $0.79 EPS for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The firm had revenue of $384.67 million during the quarter. As a group, sell-side analysts anticipate that Sensient Technologies Co. will post 2.85 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, May 3rd. Sensient Technologies’s dividend payout ratio is currently 76.28%.

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.