Sensient Technologies Co. (NYSE:SXT) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in Sensient Technologies Co. (NYSE:SXT) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,255 shares of the specialty chemicals company’s stock after acquiring an additional 3,384 shares during the period. Voya Investment Management LLC’s holdings in Sensient Technologies were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its position in Sensient Technologies by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company’s stock valued at $314,000 after buying an additional 203 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Sensient Technologies by 5.1% in the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock valued at $322,000 after acquiring an additional 221 shares during the last quarter. Xponance Inc. increased its stake in shares of Sensient Technologies by 9.5% in the fourth quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company’s stock worth $215,000 after acquiring an additional 261 shares during the period. Covestor Ltd raised its holdings in shares of Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 304 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Sensient Technologies by 5.1% in the fourth quarter. Bank of Montreal Can now owns 6,914 shares of the specialty chemicals company’s stock valued at $493,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SXT. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 22nd. Robert W. Baird upped their price objective on Sensient Technologies from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th.

Sensient Technologies Trading Up 0.1 %

SXT stock opened at $93.79 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $94.79. The company’s 50-day simple moving average is $76.11 and its 200-day simple moving average is $75.43. The firm has a market cap of $3.98 billion, a P/E ratio of 31.90 and a beta of 0.58.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $392.33 million during the quarter, compared to analysts’ expectations of $387.70 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, equities analysts forecast that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, May 12th. Sensient Technologies’s dividend payout ratio is presently 54.30%.

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.