Schwab Charles Investment Management Inc. Boosts Position in Sensient Technologies Co. (SXT)

Schwab Charles Investment Management Inc. boosted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321,881 shares of the specialty chemicals company’s stock after purchasing an additional 17,187 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Sensient Technologies were worth $23,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in shares of Sensient Technologies by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the specialty chemicals company’s stock worth $273,000 after acquiring an additional 149 shares during the period. Royal Bank of Canada raised its position in shares of Sensient Technologies by 6.3% in the second quarter. Royal Bank of Canada now owns 38,039 shares of the specialty chemicals company’s stock worth $3,063,000 after acquiring an additional 2,246 shares during the period. State Street Corp raised its position in shares of Sensient Technologies by 4.2% in the second quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock worth $119,869,000 after acquiring an additional 60,015 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Sensient Technologies by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 97,130 shares of the specialty chemicals company’s stock worth $7,822,000 after acquiring an additional 435 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after acquiring an additional 119 shares during the period. Institutional investors own 88.12% of the company’s stock.

SXT has been the subject of a number of analyst reports. Off Wall Street initiated coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They issued a “sell” rating for the company. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Gabelli upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, February 12th. Finally, TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $90.77.

Sensient Technologies Co. (NYSE SXT) opened at $72.49 on Friday. The firm has a market cap of $3,150.00, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. Sensient Technologies Co. has a 1 year low of $65.60 and a 1 year high of $84.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.39 and a quick ratio of 1.25.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $328.87 million during the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. sell-side analysts expect that Sensient Technologies Co. will post 3.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.82%. Sensient Technologies’s dividend payout ratio is currently 53.66%.

In other news, Director Hank Brown sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $71.78, for a total transaction of $143,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is owned by insiders.

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Sensient Technologies Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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