Janus Henderson Group PLC Purchases 2,053 Shares of Sensient Technologies Co. (NYSE:SXT)

Janus Henderson Group PLC raised its position in Sensient Technologies Co. (NYSE:SXT) by 0.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,231,803 shares of the specialty chemicals company’s stock after purchasing an additional 2,053 shares during the period. Janus Henderson Group PLC owned approximately 0.05% of Sensient Technologies worth $179,035,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Sensient Technologies during the second quarter valued at approximately $29,000. nVerses Capital LLC bought a new position in Sensient Technologies in the 3rd quarter valued at $72,000. Hantz Financial Services Inc. purchased a new stake in Sensient Technologies in the second quarter worth $129,000. Blue Trust Inc. increased its stake in Sensient Technologies by 2,753.7% in the third quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 1,845 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Sensient Technologies during the third quarter worth $210,000. Institutional investors own 90.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $78.04 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. The firm has a market cap of $3.31 billion, a PE ratio of 37.34 and a beta of 0.76. The firm’s 50 day simple moving average is $77.91 and its 200-day simple moving average is $76.41. Sensient Technologies Co. has a one year low of $55.02 and a one year high of $82.99.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The company had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. During the same period last year, the business posted $0.75 EPS. Sensient Technologies’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, November 4th. Sensient Technologies’s payout ratio is 78.47%.

Insider Buying and Selling at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 $2,938,968.64. The trade was a 9.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Sensient Technologies Company Profile

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.