Trading Report: The Ameriprise Financial Inc. Reduces Position in Sensient Technologies Corp. (SXT)

The Ameriprise Financial Inc. Reduces Position in Sensient Technologies Corp. (SXT)

Ameriprise Financial Inc. cut its position in shares of Sensient Technologies Corp. (NYSE:SXT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,524 shares of the company’s stock after selling 8,198 shares during the period. Ameriprise Financial Inc. owned about 0.26% of Sensient Technologies Corp. worth $8,278,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Sensient Technologies Corp. during the fourth quarter worth approximately $31,572,000. Virginia Retirement System acquired a new stake in shares of Sensient Technologies Corp. during the first quarter worth approximately $438,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Sensient Technologies Corp. by 3.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,919 shares of the company’s stock worth $756,000 after buying an additional 425 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Sensient Technologies Corp. by 9.0% in the first quarter. Franklin Resources Inc. now owns 1,428,585 shares of the company’s stock worth $90,658,000 after buying an additional 118,200 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Sensient Technologies Corp. by 6.5% in the first quarter. BlackRock Inc. now owns 17,964 shares of the company’s stock worth $1,140,000 after buying an additional 1,097 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Sensient Technologies Corp. (NYSE:SXT) traded up 0.92% on Wednesday, reaching $75.34. 38,826 shares of the company’s stock traded hands. The company has a 50 day moving average price of $74.44 and a 200 day moving average price of $70.20. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 31.99 and a beta of 0.97. Sensient Technologies Corp. has a 52 week low of $52.69 and a 52 week high of $76.15.

Sensient Technologies Corp. (NYSE:SXT) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The company earned $360.80 million during the quarter, compared to analyst estimates of $348.80 million. Sensient Technologies Corp. had a net margin of 7.65% and a return on equity of 16.08%. During the same period last year, the business earned $0.80 EPS. On average, equities research analysts predict that Sensient Technologies Corp. will post $3.23 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Sidoti assumed coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, July 27th. Finally, Gabelli lowered shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.75.

In other Sensient Technologies Corp. news, Director Essie Whitelaw sold 1,269 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $74.00, for a total transaction of $93,906.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.87% of the company’s stock.

Sensient Technologies Corp. Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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