Champlain Investment Partners LLC Sells 292,874 Shares of Sensient Technologies Co. (NYSE:SXT)

by · The Cerbat Gem

Champlain Investment Partners LLC cut its position in Sensient Technologies Co. (NYSE:SXT – Free Report) by 22.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,025,897 shares of the specialty chemicals company’s stock after selling 292,874 shares during the quarter. Champlain Investment Partners LLC owned approximately 2.42% of Sensient Technologies worth $82,297,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its position in Sensient Technologies by 88.4% during the third quarter. Citigroup Inc. now owns 55,880 shares of the specialty chemicals company’s stock valued at $4,483,000 after acquiring an additional 26,219 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Sensient Technologies by 2.3% during the third quarter. Eagle Asset Management Inc. now owns 86,390 shares of the specialty chemicals company’s stock worth $6,874,000 after purchasing an additional 1,909 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sensient Technologies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after purchasing an additional 7,235 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Sensient Technologies in the 3rd quarter worth $471,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Sensient Technologies by 135.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,059 shares of the specialty chemicals company’s stock worth $1,850,000 after buying an additional 13,279 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of Sensient Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now owns 36,518 shares in the company, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SXT. Robert W. Baird increased their price target on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

View Our Latest Analysis on SXT

Sensient Technologies Price Performance

Shares of SXT opened at $78.67 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The company’s fifty day moving average price is $77.83 and its 200-day moving average price is $76.31. Sensient Technologies Co. has a 1-year low of $55.02 and a 1-year high of $82.99. The firm has a market capitalization of $3.33 billion, a PE ratio of 37.64 and a beta of 0.76.

Sensient Technologies (NYSE:SXT – Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Sensient Technologies Company Profile

(Free Report)

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.

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