Wilmington Savings Fund Society FSB trimmed its holdings in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,887 shares of the specialty chemicals company's stock after selling 4,720 shares during the period. Wilmington Savings Fund Society FSB's holdings in Sensient Technologies were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Sensient Technologies during the 3rd quarter worth $72,000. R Squared Ltd purchased a new stake in Sensient Technologies during the 4th quarter worth $65,000. KBC Group NV boosted its position in Sensient Technologies by 77.3% during the 4th quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company's stock worth $127,000 after purchasing an additional 779 shares during the period. Blue Trust Inc. boosted its position in Sensient Technologies by 2,753.7% during the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company's stock worth $142,000 after purchasing an additional 1,845 shares during the period. Finally, SG Americas Securities LLC boosted its position in Sensient Technologies by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company's stock worth $159,000 after purchasing an additional 541 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Sensient Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th.
Check Out Our Latest Stock Report on Sensient Technologies
Sensient Technologies Stock Down 7.3 %
SXT stock traded down $5.62 during trading on Friday, reaching $71.38. The stock had a trading volume of 622,038 shares, compared to its average volume of 189,772. Sensient Technologies Co. has a 1-year low of $62.46 and a 1-year high of $82.99. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.02 billion, a P/E ratio of 34.15 and a beta of 0.77. The firm has a fifty day moving average price of $73.92 and a 200 day moving average price of $75.61.
Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The firm had revenue of $376.40 million for the quarter, compared to analyst estimates of $375.10 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current year.
Sensient Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.30%. Sensient Technologies's dividend payout ratio (DPR) is presently 78.47%.
Sensient Technologies Profile
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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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