Norges Bank Acquires New Shares in Sensient Technologies Co. (NYSE:SXT)

Norges Bank bought a new position in Sensient Technologies Co. (NYSE:SXT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 642,117 shares of the specialty chemicals company's stock, valued at approximately $45,757,000. Norges Bank owned about 1.52% of Sensient Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Sensient Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,064,724 shares of the specialty chemicals company's stock worth $360,912,000 after purchasing an additional 36,406 shares during the last quarter. State Street Corp lifted its position in Sensient Technologies by 3.7% during the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company's stock worth $135,902,000 after buying an additional 60,622 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sensient Technologies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 961,455 shares of the specialty chemicals company's stock worth $77,143,000 after acquiring an additional 15,868 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sensient Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 601,033 shares of the specialty chemicals company's stock valued at $42,830,000 after acquiring an additional 10,884 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sensient Technologies by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock worth $15,385,000 after acquiring an additional 6,984 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

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Wall Street Analyst Weigh In

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

Sensient Technologies Trading Up 6.8 %

Shares of SXT stock traded up $4.66 on Wednesday, reaching $73.41. 619,912 shares of the stock were exchanged, compared to its average volume of 196,631. The stock has a 50 day moving average price of $72.84 and a 200 day moving average price of $74.92. The stock has a market cap of $3.11 billion, a PE ratio of 24.97 and a beta of 0.63. Sensient Technologies Co. has a one year low of $66.15 and a one year high of $82.99. 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 (NYSE:SXT - Get Free Report) last released its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The company had revenue of $376.40 million for the quarter, compared to the consensus estimate of $375.10 million. During the same period in the prior year, the company posted $0.51 EPS. The company's revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Tuesday, February 4th were given a $0.41 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.23%. Sensient Technologies's dividend payout ratio is currently 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.