Future Fund LLC boosted its position in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,296 shares of the specialty chemicals company’s stock after acquiring an additional 6,679 shares during the quarter. Future Fund LLC’s holdings in Sensient Technologies were worth $2,095,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Sensient Technologies by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock worth $94,930,000 after acquiring an additional 4,123 shares in the last quarter. Congress Asset Management Co. raised its position in Sensient Technologies by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock worth $69,013,000 after acquiring an additional 17,935 shares in the last quarter. Parsifal Capital Management LP bought a new stake in Sensient Technologies during the third quarter worth $46,784,000. Invesco Ltd. raised its position in Sensient Technologies by 158.0% during the third quarter. Invesco Ltd. now owns 413,018 shares of the specialty chemicals company’s stock worth $38,762,000 after acquiring an additional 252,922 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Sensient Technologies by 47.0% during the second quarter. Bank of America Corp DE now owns 403,224 shares of the specialty chemicals company’s stock worth $39,726,000 after acquiring an additional 128,846 shares in the last quarter. 90.86% of the stock is owned by institutional investors.
Sensient Technologies Price Performance
NYSE:SXT opened at $113.97 on Friday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $129.35. The company has a market cap of $4.85 billion, a P/E ratio of 33.62 and a beta of 0.81. The firm’s fifty day moving average price is $103.75 and its two-hundred day moving average price is $97.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97.
Sensient Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be paid a $0.41 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. Sensient Technologies’s dividend payout ratio is 48.38%.
Insider Activity at Sensient Technologies
In related news, VP Thierry Hoang sold 439 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $114.15, for a total value of $50,111.85. Following the transaction, the vice president directly owned 14,309 shares in the company, valued at approximately $1,633,372.35. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, UBS Group upped their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.00.
Check Out Our Latest Report on SXT
Sensient Technologies Company Profile
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.
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