Invesco Ltd. lifted its position in Sensient Technologies Co. (NYSE:SXT - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,490 shares of the specialty chemicals company's stock after buying an additional 7,148 shares during the quarter. Invesco Ltd. owned approximately 0.44% of Sensient Technologies worth $13,218,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Sensient Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,064,724 shares of the specialty chemicals company's stock worth $360,912,000 after acquiring an additional 36,406 shares in the last quarter. Norges Bank purchased a new stake in Sensient Technologies during the 4th quarter worth about $45,757,000. Charles Schwab Investment Management Inc. boosted its position in shares of Sensient Technologies by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 601,033 shares of the specialty chemicals company's stock worth $42,830,000 after acquiring an additional 10,884 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sensient Technologies by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock valued at $15,385,000 after acquiring an additional 6,984 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sensient Technologies by 100.9% in the fourth quarter. JPMorgan Chase & Co. now owns 200,726 shares of the specialty chemicals company's stock valued at $14,304,000 after purchasing an additional 100,788 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd.
Read Our Latest Report on SXT
Sensient Technologies Price Performance
Shares of NYSE SXT traded up $9.73 on Friday, hitting $89.87. The company's stock had a trading volume of 961,120 shares, compared to its average volume of 201,215. The stock has a 50 day moving average of $72.90 and a 200-day moving average of $74.74. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 30.49 and a beta of 0.63. Sensient Technologies Co. has a 12-month low of $66.15 and a 12-month high of $90.96. 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 announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. As a group, research analysts predict that Sensient Technologies Co. will post 3.1 EPS for the current year.
Sensient Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.82%. Sensient Technologies's dividend payout ratio is currently 55.78%.
Sensient Technologies Company Profile
(
Free Report)
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.
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