IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 4,087 Shares of Sensient Technologies Co. (NYSE:SXT)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,899 shares of the specialty chemicals company's stock after selling 4,087 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.07% of Sensient Technologies worth $2,059,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC bought a new stake in shares of Sensient Technologies in the 3rd quarter valued at approximately $471,000. Charles Schwab Investment Management Inc. lifted its position in 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 worth $47,342,000 after acquiring an additional 7,235 shares during the last quarter. Citigroup Inc. boosted its holdings 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 period. Cerity Partners LLC increased its position in Sensient Technologies by 24.2% in the 3rd quarter. Cerity Partners LLC now owns 7,841 shares of the specialty chemicals company's stock worth $629,000 after buying an additional 1,528 shares during the period. Finally, FMR LLC boosted its holdings in Sensient Technologies by 124.0% in the 3rd quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company's stock valued at $4,751,000 after purchasing an additional 32,784 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd.

Sensient Technologies Price Performance

Shares of SXT traded up $0.43 on Monday, hitting $74.03. The company's stock had a trading volume of 73,704 shares, compared to its average volume of 183,591. The company has a 50 day moving average price of $73.31 and a 200 day moving average price of $75.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. Sensient Technologies Co. has a fifty-two week low of $66.15 and a fifty-two week high of $82.99. The company has a market capitalization of $3.14 billion, a PE ratio of 25.21 and a beta of 0.71.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The company had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The company's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. Sensient Technologies's payout ratio is currently 55.78%.

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.