Robeco Schweiz AG boosted its holdings in shares of Sensient Technologies Co. (NYSE:SXT – Free Report) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,329 shares of the specialty chemicals company’s stock after purchasing an additional 40,989 shares during the period. Robeco Schweiz AG owned approximately 0.37% of Sensient Technologies worth $11,283,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in SXT. R Squared Ltd acquired a new stake in shares of Sensient Technologies during the 4th quarter valued at $65,000. KBC Group NV lifted its holdings in shares of Sensient Technologies by 77.3% during the fourth quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 779 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Sensient Technologies by 32.0% during the fourth quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock valued at $159,000 after purchasing an additional 541 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Sensient Technologies by 37.0% in the 4th quarter. Blue Trust Inc. now owns 2,619 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 707 shares during the period. Finally, Paloma Partners Management Co purchased a new position in Sensient Technologies in the 3rd quarter worth about $210,000. 90.86% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday.
Sensient Technologies Trading Down 1.1 %
NYSE SXT opened at $69.50 on Thursday. The firm’s 50 day moving average price is $72.86 and its two-hundred day moving average price is $75.45. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 23.64 and a beta of 0.77. Sensient Technologies Co. has a twelve month low of $64.11 and a twelve 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.
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, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $376.40 million for the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current year.
Sensient Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 4th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, February 4th. Sensient Technologies’s dividend payout ratio is currently 55.78%.
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.
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