Wealthfront Advisers LLC Invests $7.27 Million in Sensient Technologies Co. (NYSE:SXT)

Wealthfront Advisers LLC acquired a new stake in Sensient Technologies Co. (NYSE:SXT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 102,021 shares of the specialty chemicals company's stock, valued at approximately $7,270,000. Wealthfront Advisers LLC owned about 0.24% of Sensient Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its holdings in shares of Sensient Technologies by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 26,377 shares of the specialty chemicals company's stock valued at $2,116,000 after acquiring an additional 1,332 shares in the last quarter. Versor Investments LP bought a new position in shares of Sensient Technologies during the third quarter valued at approximately $345,000. Chesapeake Capital Corp IL raised its holdings in shares of Sensient Technologies by 18.1% during the third quarter. Chesapeake Capital Corp IL now owns 8,143 shares of the specialty chemicals company's stock valued at $649,000 after acquiring an additional 1,246 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Sensient Technologies by 66.7% during the third quarter. Thrivent Financial for Lutherans now owns 58,643 shares of the specialty chemicals company's stock valued at $4,704,000 after acquiring an additional 23,474 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sensient Technologies by 135.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,059 shares of the specialty chemicals company's stock valued at $1,850,000 after acquiring an additional 13,279 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sensient Technologies from a "hold" rating to a "buy" rating in a report on Friday.

Sensient Technologies Stock Up 0.9 %

SXT stock traded up $0.63 during midday trading on Friday, hitting $73.23. The stock had a trading volume of 205,683 shares, compared to its average volume of 166,995. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 24.91 and a beta of 0.71. The business has a 50-day moving average of $72.70 and a two-hundred day moving average of $75.28. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $82.99. 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 issued its quarterly earnings results 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. The company had revenue of $376.40 million for the quarter, compared to analysts' expectations of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, equities research analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were paid a $0.41 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.24%. Sensient Technologies's payout ratio is 55.78%.

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.