Teacher Retirement System of Texas Raises Holdings in Sensient Technologies Co. (NYSE:SXT)

Teacher Retirement System of Texas lifted its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,717 shares of the specialty chemicals company's stock after acquiring an additional 16,510 shares during the period. Teacher Retirement System of Texas owned 0.08% of Sensient Technologies worth $2,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SXT. Franklin Resources Inc. increased its position in Sensient Technologies by 4.8% during the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company's stock valued at $270,000 after acquiring an additional 160 shares during the last quarter. Versor Investments LP grew its holdings in shares of Sensient Technologies by 5.1% in the fourth quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company's stock worth $322,000 after purchasing an additional 221 shares during the last quarter. Xponance Inc. increased its stake in Sensient Technologies by 9.5% in the 4th quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company's stock worth $215,000 after buying an additional 261 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies during the 4th quarter valued at about $25,000. Finally, Inspire Investing LLC lifted its holdings in Sensient Technologies by 9.1% during the 4th quarter. Inspire Investing LLC now owns 5,617 shares of the specialty chemicals company's stock valued at $400,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

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Sensient Technologies Stock Up 0.3 %

NYSE SXT traded up $0.24 on Friday, reaching $73.59. 259,787 shares of the stock traded hands, compared to its average volume of 184,010. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. The company has a fifty day moving average price of $73.31 and a 200-day moving average price of $75.13. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 25.03 and a beta of 0.71.

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 (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $376.40 million for the quarter, compared to analysts' expectations of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.23%. Sensient Technologies's dividend payout ratio (DPR) is presently 55.78%.

Analysts Set New Price Targets

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 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.