Atlanta Capital Management Co. L L C trimmed its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 266,081 shares of the specialty chemicals company’s stock after selling 11,295 shares during the quarter. Atlanta Capital Management Co. L L C’s holdings in Sensient Technologies were worth $19,464,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after acquiring an additional 782 shares during the period. Jane Street Group LLC acquired a new stake in Sensient Technologies in the third quarter valued at approximately $221,000. Public Employees Retirement System of Ohio grew its holdings in 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 valued at $227,000 after purchasing an additional 119 shares during the period. FDx Advisors Inc. acquired a new stake in Sensient Technologies in the third quarter valued at approximately $231,000. Finally, Oakbrook Investments LLC acquired a new stake in Sensient Technologies in the fourth quarter valued at approximately $234,000. 92.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sensient Technologies Co. (NYSE SXT) opened at $72.40 on Friday. 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 Co. has a 1-year low of $65.60 and a 1-year high of $84.98. The company has a market capitalization of $3,137.22, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%. The company had revenue of $328.87 million for the quarter. equities research analysts anticipate that Sensient Technologies Co. will post 3.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, February 5th. Sensient Technologies’s dividend payout ratio is presently 65.02%.
Several brokerages have commented on SXT. Gabelli raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Monday, February 12th. TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Off Wall Street began coverage on Sensient Technologies in a report on Monday, December 18th. They issued a “sell” rating on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $90.77.
In other news, Director Hank Brown sold 2,000 shares of Sensient Technologies stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $71.78, for a total value of $143,560.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of $72.10 per share, for a total transaction of $72,100.00. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.
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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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