BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $14.81 Million Stock Holdings in Sensient Technologies Co. (NYSE:SXT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 10.5% in the third quarter, Holdings Channel.com reports. The fund owned 184,547 shares of the specialty chemicals company’s stock after selling 21,741 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Sensient Technologies were worth $14,805,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP bought a new position in Sensient Technologies during the 2nd quarter worth approximately $29,000. nVerses Capital LLC acquired a new position in Sensient Technologies in the third quarter valued at $72,000. Hantz Financial Services Inc. bought a new stake in Sensient Technologies during the second quarter valued at $129,000. Blue Trust Inc. grew its holdings in Sensient Technologies by 2,753.7% during the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 1,845 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new stake in Sensient Technologies during the 1st quarter worth about $208,000. 90.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Sensient Technologies Price Performance

Shares of NYSE SXT opened at $78.67 on Friday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 37.64 and a beta of 0.76. The firm’s 50-day moving average price is $77.83 and its 200-day moving average price is $76.31. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 1-year low of $55.02 and a 1-year high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates 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 period in the prior year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

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.