Victory Capital Management Inc. lessened its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,566 shares of the specialty chemicals company's stock after selling 7,309 shares during the period. Victory Capital Management Inc. owned approximately 0.32% of Sensient Technologies worth $9,660,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of SXT. JPMorgan Chase & Co. raised its position in Sensient Technologies by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company's stock valued at $8,017,000 after purchasing an additional 18,235 shares during the period. Charles Schwab Investment Management Inc. grew its position in Sensient Technologies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company's stock valued at $47,342,000 after acquiring an additional 7,235 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Sensient Technologies during the third quarter worth about $635,000. Principal Financial Group Inc. lifted its position in shares of Sensient Technologies by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock worth $15,385,000 after purchasing an additional 6,984 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Sensient Technologies by 34.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,449 shares of the specialty chemicals company's stock valued at $1,742,000 after purchasing an additional 6,247 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Sensient Technologies from a "hold" rating to a "buy" rating in a research note on Friday.
View Our Latest Analysis on Sensient Technologies
Sensient Technologies Stock Down 0.4 %
NYSE SXT traded down $0.28 during trading hours on Monday, hitting $73.02. 159,708 shares of the company were exchanged, compared to its average volume of 166,966. 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 cap of $3.10 billion, a price-to-earnings ratio of 24.84 and a beta of 0.71. The company has a 50 day moving average of $72.70 and a two-hundred day moving average of $75.27. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $82.99.
Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The company had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current year.
Sensient Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.25%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies's dividend payout ratio (DPR) is presently 55.78%.
About Sensient Technologies
(
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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