Sensient Technologies Co. (NYSE:SXT) Shares Sold by Dimensional Fund Advisors LP


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Dimensional Fund Advisors LP lessened its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,162,068 shares of the specialty chemicals company’s stock after selling 8,938 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sensient Technologies were worth $85,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hsbc Holdings PLC bought a new position in Sensient Technologies during the 4th quarter worth approximately $1,452,000. Principal Financial Group Inc. lifted its holdings in Sensient Technologies by 5.7% during the 4th quarter. Principal Financial Group Inc. now owns 177,593 shares of the specialty chemicals company’s stock worth $13,101,000 after buying an additional 9,655 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sensient Technologies by 11.7% during the 4th quarter. JPMorgan Chase & Co. now owns 107,278 shares of the specialty chemicals company’s stock worth $7,914,000 after buying an additional 11,247 shares during the last quarter. Truist Financial Corp bought a new position in Sensient Technologies during the 4th quarter worth approximately $252,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Sensient Technologies by 12.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 165,900 shares of the specialty chemicals company’s stock worth $12,238,000 after buying an additional 18,700 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

In related news, Director Elaine R. Wedral sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $75.31, for a total value of $225,930.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

Shares of NYSE SXT opened at $79.69 on Tuesday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 50.12 and a beta of 0.96. Sensient Technologies Co. has a 12-month low of $40.08 and a 12-month high of $82.00. The company has a current ratio of 3.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $78.36 and its 200 day simple moving average is $73.11.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 11th. The specialty chemicals company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The company had revenue of $33.47 million during the quarter, compared to the consensus estimate of $310.74 million. Sensient Technologies had a return on equity of 13.65% and a net margin of 5.12%. The company’s revenue for the quarter was down 89.5% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. As a group, equities analysts forecast that Sensient Technologies Co. will post 2.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Tuesday, February 2nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, February 1st. Sensient Technologies’s dividend payout ratio (DPR) is 52.70%.

Separately, Zacks Investment Research downgraded Sensient Technologies from a “hold” rating to a “sell” rating in a report on Friday, March 5th.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

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

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