Congress Wealth Management LLC DE Sells 9,865 Shares of Sensient Technologies Co. (NYSE:SXT)

Congress Wealth Management LLC DE lowered its stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 61.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,115 shares of the specialty chemicals company's stock after selling 9,865 shares during the period. Congress Wealth Management LLC DE's holdings in Sensient Technologies were worth $436,000 as of its most recent filing with the SEC.

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

Sensient Technologies Price Performance

Shares of SXT traded up $0.94 during mid-day trading on Monday, reaching $74.54. The company had a trading volume of 362,866 shares, compared to its average volume of 184,723. The company's 50-day moving average is $73.31 and its 200-day moving average is $75.13. 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 company has a market capitalization of $3.16 billion, a P/E ratio of 25.35 and a beta of 0.71. Sensient Technologies Co. has a twelve month low of $66.15 and a twelve month high of $82.99.

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Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.93% and a net margin of 8.01%. The company had revenue of $376.40 million during the quarter, compared to analysts' expectations of $375.10 million. During the same period last year, the business earned $0.51 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate 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 was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.20%. Sensient Technologies's dividend payout ratio is 55.78%.

Analyst Upgrades and Downgrades

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

Sensient Technologies 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.