Sensient Technologies Co. (NYSE:SXT) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,153 shares of the specialty chemicals company's stock after selling 324,038 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.30% of Sensient Technologies worth $9,203,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SXT. Franklin Resources Inc. increased its stake in shares of Sensient Technologies by 4.8% during the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company's stock worth $270,000 after purchasing an additional 160 shares in the last quarter. Versor Investments LP increased its stake in Sensient Technologies by 5.1% during the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company's stock worth $322,000 after buying an additional 221 shares in the last quarter. Xponance Inc. raised its holdings in shares of Sensient Technologies by 9.5% during the fourth quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company's stock valued at $215,000 after acquiring an additional 261 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $25,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Sensient Technologies by 5.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,912 shares of the specialty chemicals company's stock valued at $493,000 after acquiring an additional 374 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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Sensient Technologies Price Performance

SXT traded down $2.09 on Monday, reaching $72.57. 798,650 shares of the company's stock were exchanged, compared to its average volume of 192,713. Sensient Technologies Co. has a twelve month low of $66.15 and a twelve month high of $82.99. The stock has a market cap of $3.08 billion, a PE ratio of 24.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The stock's fifty day moving average price is $73.21 and its 200-day moving average price is $75.07.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its 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. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business had revenue of $376.40 million for the quarter, compared to analysts' expectations of $375.10 million. During the same period in the previous year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current 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 issued 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 dividend yield of 2.26%. Sensient Technologies's dividend payout ratio is presently 55.78%.

Analyst Ratings Changes

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

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.