Covestor Ltd Has $66,000 Position in Sensient Technologies Co. (NYSE:SXT)

Covestor Ltd boosted its stake in Sensient Technologies Co. (NYSE:SXT) by 49.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 920 shares of the specialty chemicals company’s stock after acquiring an additional 304 shares during the quarter. Covestor Ltd’s holdings in Sensient Technologies were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sensient Technologies during the 4th quarter valued at $25,000. Jones Financial Companies Lllp boosted its stake in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 563 shares in the last quarter. R Squared Ltd bought a new stake in shares of Sensient Technologies during the fourth quarter worth about $65,000. Smartleaf Asset Management LLC increased its stake in shares of Sensient Technologies by 152.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock valued at $80,000 after buying an additional 678 shares during the period. Finally, KBC Group NV raised its holdings in Sensient Technologies by 77.3% in the 4th quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 779 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 0.9 %

Shares of SXT opened at $74.74 on Tuesday. The stock’s 50-day moving average price is $72.71 and its two-hundred day moving average price is $74.78. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The company has a market capitalization of $3.17 billion, a PE ratio of 25.42 and a beta of 0.63. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $376.40 million for the quarter, compared to analyst estimates of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies’s dividend payout ratio is presently 55.78%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.