Sensient Technologies Corporation (SXT) : First Mercantile Trust Co reduced its stake in Sensient Technologies Corporation by 10.73% during the most recent quarter end. The investment management company now holds a total of 10,778 shares of Sensient Technologies Corporation which is valued at $801,452 after selling 1,295 shares in Sensient Technologies Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Sensient Technologies Corporation makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in SXT by selling 250 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 10,605 shares of SXT which is valued at $794,527. Sensient Technologies Corporation makes up approx 0.25% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SXT by selling 12,042 shares or 59.9% in the most recent quarter. The Hedge Fund company now holds 8,060 shares of SXT which is valued at $603,855. Washington Trust Bank added SXT to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $1,124.
Sensient Technologies Corporation closed down -0.77 points or -1.02% at $74.36 with 2,89,573 shares getting traded on Friday. Post opening the session at $75.08, the shares hit an intraday low of $73.6 and an intraday high of $75.265 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Sensient Technologies Corporation reported $0.77 EPS for the quarter, based on the information available during the earnings call on Oct 21, 2015. Analyst had a consensus estimate of $0.77. The company had revenue of $344.50 million for the quarter, compared to analysts expectations of $344.40 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Sensient Technologies Corporation. Sensient Technologies Corporation was Downgraded by Gabelli & Co to ” Hold” on Jul 25, 2016.
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. The Companys customers include international manufacturers. Its products include flavors flavor enhancers and bionutrients; fragrances and aroma chemicals; natural ingredients including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic and pharmaceutical colors and ingredients and technical colors specialty inks and colors and specialty dyes and pigments. The Company operates under the following segments: Flavors & Fragrances Group and the Color Group.