Arizona State Retirement System Reduces Stock Position in Sensient Technologies Co. (NYSE:SXT)

Arizona State Retirement System lowered its stake in Sensient Technologies Co. (NYSE:SXT) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,812 shares of the specialty chemicals company’s stock after selling 216 shares during the quarter. Arizona State Retirement System’s holdings in Sensient Technologies were worth $780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Sensient Technologies by 21.9% in the fourth quarter. Nordea Investment Management AB now owns 1,688,101 shares of the specialty chemicals company’s stock worth $111,617,000 after purchasing an additional 303,612 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sensient Technologies by 14.1% during the 3rd quarter. Victory Capital Management Inc. now owns 217,644 shares of the specialty chemicals company’s stock worth $12,728,000 after acquiring an additional 26,969 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Sensient Technologies by 3.7% during the 3rd quarter. M&T Bank Corp now owns 24,492 shares of the specialty chemicals company’s stock worth $1,433,000 after acquiring an additional 880 shares during the last quarter. Heartland Advisors Inc. boosted its stake in shares of Sensient Technologies by 7.8% during the 3rd quarter. Heartland Advisors Inc. now owns 140,716 shares of the specialty chemicals company’s stock worth $9,082,000 after acquiring an additional 10,225 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Sensient Technologies during the 3rd quarter worth $3,054,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Down 0.7 %

Shares of Sensient Technologies stock opened at $67.81 on Thursday. The company’s fifty day simple moving average is $67.17 and its 200-day simple moving average is $62.73. The stock has a market capitalization of $2.87 billion, a PE ratio of 30.55 and a beta of 0.79. Sensient Technologies Co. has a 1-year low of $52.90 and a 1-year high of $78.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.96 and a quick ratio of 1.43.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $349.30 million for the quarter, compared to analysts’ expectations of $371.10 million. Sensient Technologies had a return on equity of 11.52% and a net margin of 6.41%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. As a group, equities analysts anticipate that Sensient Technologies Co. will post 2.95 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 6th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, February 5th. Sensient Technologies’s dividend payout ratio (DPR) is 73.87%.

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.