D. E. Shaw & Co. Inc. raised its holdings in Sensient Technologies Co. (NYSE:SXT) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,923 shares of the specialty chemicals company’s stock after acquiring an additional 9,739 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.10% of Sensient Technologies worth $2,286,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Sensient Technologies by 26.9% during the fourth quarter. Bank of America Corp DE now owns 227,616 shares of the specialty chemicals company’s stock worth $12,712,000 after buying an additional 48,294 shares in the last quarter. Principal Financial Group Inc. grew its position in Sensient Technologies by 11.8% in the fourth quarter. Principal Financial Group Inc. now owns 211,623 shares of the specialty chemicals company’s stock valued at $11,819,000 after acquiring an additional 22,294 shares during the last quarter. FrontFour Capital Group LLC bought a new position in Sensient Technologies in the fourth quarter valued at about $55,000. Caxton Associates LP bought a new position in Sensient Technologies in the fourth quarter valued at about $222,000. Finally, Nicholas Company Inc. grew its holdings in shares of Sensient Technologies by 131.4% during the fourth quarter. Nicholas Company Inc. now owns 184,835 shares of the specialty chemicals company’s stock worth $10,323,000 after purchasing an additional 104,945 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.
SXT has been the topic of several research reports. Exane BNP Paribas initiated coverage on Sensient Technologies in a report on Friday, January 11th. They set an “outperform” rating and a $74.00 price target on the stock. KeyCorp set a $65.00 price objective on Sensient Technologies and gave the stock a “buy” rating in a research note on Monday, January 14th. BNP Paribas assumed coverage on Sensient Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $74.00 price target on the stock. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Seaport Global Securities assumed coverage on Sensient Technologies in a research note on Thursday, February 21st. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sensient Technologies currently has an average rating of “Buy” and an average price target of $73.75.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, February 15th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Sensient Technologies had a return on equity of 18.00% and a net margin of 11.35%. The firm had revenue of $324.56 million during the quarter. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts predict that Sensient Technologies Co. will post 3.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.05%. Sensient Technologies’s dividend payout ratio is presently 40.56%.
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About Sensient Technologies
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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