Dean Capital Management acquired a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,200 shares of the specialty chemicals company’s stock, valued at approximately $3,233,000. Sensient Technologies accounts for 1.5% of Dean Capital Management’s investment portfolio, making the stock its 28th biggest holding. Dean Capital Management owned about 0.10% of Sensient Technologies at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SXT. Elkfork Partners LLC bought a new position in Sensient Technologies during the fourth quarter worth $129,000. Flinton Capital Management LLC bought a new stake in shares of Sensient Technologies in the fourth quarter valued at about $164,000. Advisor Group Inc. boosted its position in shares of Sensient Technologies by 89.6% in the fourth quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock valued at $169,000 after acquiring an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sensient Technologies by 44.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 782 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Sensient Technologies in the fourth quarter valued at about $208,000. 91.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on SXT shares. Off Wall Street started coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They issued a “sell” rating for the company. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Sensient Technologies has a consensus rating of “Hold” and an average price target of $90.77.
In related news, Director Hank Brown sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $71.78, for a total value of $143,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $72.10 per share, with a total value of $72,100.00. The disclosure for this purchase can be found here. 0.95% of the stock is owned by insiders.
Shares of Sensient Technologies Co. (NYSE SXT) opened at $72.80 on Thursday. The stock has a market cap of $3,170.00, a PE ratio of 29.59, a PEG ratio of 2.29 and a beta of 0.94. Sensient Technologies Co. has a 52-week low of $65.60 and a 52-week high of $84.98. 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 (NYSE:SXT) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.84. The company had revenue of $328.87 million during the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. sell-side analysts forecast that Sensient Technologies Co. will post 3.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 6th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, February 5th. Sensient Technologies’s dividend payout ratio (DPR) is presently 53.66%.
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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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