BlackRock Inc. increased its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,871,201 shares of the specialty chemicals company’s stock after purchasing an additional 38,846 shares during the period. BlackRock Inc. owned about 0.12% of Sensient Technologies worth $272,056,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SXT. Atlanta Capital Management Co. L L C grew its stake in Sensient Technologies by 270.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 1,132,357 shares of the specialty chemicals company’s stock worth $86,637,000 after buying an additional 826,805 shares during the last quarter. First Trust Advisors LP grew its stake in Sensient Technologies by 3,829.5% during the 4th quarter. First Trust Advisors LP now owns 443,911 shares of the specialty chemicals company’s stock worth $24,792,000 after buying an additional 432,614 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in Sensient Technologies during the 4th quarter worth $13,880,000. Janus Henderson Group PLC grew its stake in Sensient Technologies by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,045,926 shares of the specialty chemicals company’s stock worth $309,554,000 after buying an additional 230,708 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Sensient Technologies by 21.7% during the 3rd quarter. Schroder Investment Management Group now owns 850,297 shares of the specialty chemicals company’s stock worth $65,056,000 after buying an additional 151,372 shares during the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.
Shares of SXT opened at $66.05 on Friday. Sensient Technologies Co. has a one year low of $51.93 and a one year high of $78.40. The company has a quick ratio of 1.55, a current ratio of 3.83 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 18.61 and a beta of 1.06.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, February 15th. The specialty chemicals company reported $0.79 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.79. Sensient Technologies had a return on equity of 18.00% and a net margin of 11.35%. The company had revenue of $324.56 million during the quarter. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Sensient Technologies Co. will post 3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 4th were given a dividend of $0.36 per share. The ex-dividend date was Friday, February 1st. This represents a $1.44 dividend on an annualized basis and a yield of 2.18%. Sensient Technologies’s dividend payout ratio is currently 40.56%.
Several research analysts recently weighed in on the company. Seaport Global Securities initiated coverage on Sensient Technologies in a research note on Thursday, February 21st. They set a “buy” rating on the stock. KeyCorp set a $65.00 price target on Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, January 14th. BNP Paribas initiated coverage on Sensient Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $74.00 price target for the company. Exane BNP Paribas initiated coverage on Sensient Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $74.00 price target for the company. Finally, TheStreet cut Sensient Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $74.60.
Sensient Technologies Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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