Algert Global LLC Grows Stock Position in Sensient Technologies Co. (NYSE:SXT)

Algert Global LLC grew its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 55.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,137 shares of the specialty chemicals company's stock after acquiring an additional 35,262 shares during the quarter. Algert Global LLC owned about 0.23% of Sensient Technologies worth $7,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Sensient Technologies by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company's stock valued at $8,017,000 after purchasing an additional 18,235 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Sensient Technologies by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 55,482 shares of the specialty chemicals company's stock worth $3,954,000 after buying an additional 6,624 shares during the last quarter. Invesco Ltd. raised its stake in shares of Sensient Technologies by 4.0% during the 4th quarter. Invesco Ltd. now owns 185,490 shares of the specialty chemicals company's stock worth $13,218,000 after acquiring an additional 7,148 shares in the last quarter. Principal Financial Group Inc. lifted its position in Sensient Technologies by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock valued at $15,385,000 after acquiring an additional 6,984 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Sensient Technologies by 34.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,449 shares of the specialty chemicals company's stock valued at $1,742,000 after acquiring an additional 6,247 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SXT has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on Sensient Technologies from $85.00 to $93.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. StockNews.com lowered Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd.

Sensient Technologies Stock Performance

SXT stock traded up $0.39 during trading on Friday, reaching $95.72. The company had a trading volume of 309,753 shares, compared to its average volume of 217,147. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 32.56 and a beta of 0.58. Sensient Technologies Co. has a twelve month low of $66.15 and a twelve month high of $96.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. The firm has a 50-day simple moving average of $78.21 and a 200-day simple moving average of $75.94.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, sell-side analysts expect that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Monday, May 12th. Sensient Technologies's payout ratio is 54.30%.

Sensient Technologies Company Profile

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.