Dean Capital Management acquired a new stake in Sensient Technologies Co. (NYSE:SXT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 portfolio, making the stock its 28th biggest holding. Dean Capital Management owned 0.10% of Sensient Technologies as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 119 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Sensient Technologies by 11.5% during the third quarter. Pacer Advisors Inc. now owns 6,568 shares of the specialty chemicals company’s stock worth $505,000 after buying an additional 675 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Sensient Technologies by 2.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 27,994 shares of the specialty chemicals company’s stock worth $2,048,000 after purchasing an additional 744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 782 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Sensient Technologies by 0.7% during the third quarter. Ameriprise Financial Inc. now owns 130,512 shares of the specialty chemicals company’s stock worth $10,040,000 after purchasing an additional 866 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.
A number of brokerages recently issued reports on SXT. TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday, February 12th. Finally, Off Wall Street assumed coverage on Sensient Technologies in a research note on Monday, December 18th. They set a “sell” rating for the company. 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 company. The company has a consensus rating of “Hold” and an average target price of $90.77.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the firm’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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hank Brown sold 2,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $71.78, for a total value of $143,560.00. The disclosure for this sale can be found here. Corporate insiders own 0.94% of the company’s stock.
Shares of Sensient Technologies stock traded down $0.69 on Thursday, reaching $70.01. The company’s stock had a trading volume of 26,827 shares, compared to its average volume of 363,951. Sensient Technologies Co. has a fifty-two week low of $65.60 and a fifty-two week high of $84.98. The firm has a market cap of $3,053.97, a PE ratio of 20.69, a PEG ratio of 2.17 and a beta of 0.94. The company has a current ratio of 3.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.
Sensient Technologies (NYSE:SXT) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $328.87 million for the quarter. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%. equities analysts forecast that Sensient Technologies Co. will post 3.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th were issued a $0.33 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.32 annualized dividend and a yield of 1.89%. Sensient Technologies’s payout ratio is currently 65.02%.
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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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