Proficio Capital Partners LLC Makes New $1.14 Million Investment in Sensient Technologies Co. (NYSE:SXT)

Proficio Capital Partners LLC acquired a new stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,034 shares of the specialty chemicals company's stock, valued at approximately $1,143,000.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Sensient Technologies during the 4th quarter valued at $65,000. KBC Group NV lifted 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. SG Americas Securities LLC lifted its holdings in Sensient Technologies by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company's stock worth $159,000 after buying an additional 541 shares during the period. Blue Trust Inc. lifted its holdings in Sensient Technologies by 37.0% during the 4th quarter. Blue Trust Inc. now owns 2,619 shares of the specialty chemicals company's stock worth $187,000 after buying an additional 707 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Sensient Technologies during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 90.86% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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Sensient Technologies Trading Up 2.6 %

SXT traded up $1.84 during midday trading on Friday, hitting $73.17. 392,884 shares of the company were exchanged, compared to its average volume of 220,691. The firm's 50 day moving average price is $72.44 and its 200-day moving average price is $75.34. Sensient Technologies Co. has a 1-year low of $66.14 and a 1-year high of $82.99. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.10 billion, a P/E ratio of 24.89 and a beta of 0.71.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $376.40 million during the quarter, compared to analyst estimates of $375.10 million. During the same period last year, the company posted $0.51 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies's dividend payout ratio (DPR) is presently 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.