JPMorgan Chase & Co. Has $14.30 Million Stock Holdings in Sensient Technologies Co. (NYSE:SXT)

JPMorgan Chase & Co. boosted its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 100.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,726 shares of the specialty chemicals company's stock after purchasing an additional 100,788 shares during the quarter. JPMorgan Chase & Co. owned about 0.47% of Sensient Technologies worth $14,304,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SXT. Kohmann Bosshard Financial Services LLC bought a new position in Sensient Technologies during the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Sensient Technologies by 18,766.7% during the 4th quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 563 shares in the last quarter. R Squared Ltd acquired a new position in shares of Sensient Technologies in the 4th quarter valued at approximately $65,000. Smartleaf Asset Management LLC increased its stake in Sensient Technologies by 152.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock worth $80,000 after purchasing an additional 678 shares in the last quarter. Finally, KBC Group NV raised its holdings in Sensient Technologies by 77.3% during the 4th quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company's stock worth $127,000 after buying an additional 779 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Analysts Set New Price Targets

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

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Sensient Technologies Stock Down 0.2 %

Shares of Sensient Technologies stock traded down $0.18 during trading on Tuesday, reaching $74.68. The stock had a trading volume of 205,972 shares, compared to its average volume of 198,330. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 25.40 and a beta of 0.63. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $82.99. The stock has a fifty day moving average price of $72.71 and a two-hundred day moving average price of $74.78.

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

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.20%. Sensient Technologies's dividend payout ratio (DPR) is presently 55.78%.

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.