Brevan Howard Capital Management LP Makes New Investment in Sensient Technologies Co. (NYSE:SXT)

Brevan Howard Capital Management LP acquired a new stake in shares of Sensient Technologies Co. (NYSE:SXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,051 shares of the specialty chemicals company’s stock, valued at approximately $289,000.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in Sensient Technologies during the fourth quarter valued at $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Sensient Technologies by 18,766.7% in the 4th quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 563 shares during the last quarter. Quarry LP purchased a new position in Sensient Technologies in the fourth quarter worth about $50,000. R Squared Ltd purchased a new position in Sensient Technologies in the fourth quarter worth about $65,000. Finally, Covestor Ltd increased its stake in 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 acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

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

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $95.72 on Monday. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $103.98. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 32.56 and a beta of 0.58. The firm’s 50-day moving average is $78.21 and its 200 day moving average is $75.93.

Sensient Technologies (NYSE:SXT) last released its earnings results 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. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm had revenue of $392.33 million for the quarter, compared to analysts’ expectations of $387.70 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts predict that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.41 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.64 dividend on an annualized basis and a yield of 1.71%. Sensient Technologies’s payout ratio is 54.30%.

About Sensient Technologies

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.