CANADA LIFE ASSURANCE Co Sells 3,062 Shares of Sensient Technologies Co. (NYSE:SXT)

CANADA LIFE ASSURANCE Co decreased its stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,912 shares of the specialty chemicals company's stock after selling 3,062 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of Sensient Technologies worth $3,129,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sensient Technologies in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its position in Sensient Technologies by 18,766.7% in the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 563 shares during the last quarter. R Squared Ltd bought a new position in Sensient Technologies in the 4th quarter valued at $65,000. Covestor Ltd increased its position in shares of Sensient Technologies by 49.4% during the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 304 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Sensient Technologies by 152.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock worth $80,000 after purchasing an additional 678 shares during the period. Institutional investors own 90.86% of the company's stock.

Wall Street Analyst Weigh In

SXT has been the subject of several research reports. StockNews.com lowered shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Robert W. Baird raised their price target on shares of Sensient Technologies from $85.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday.

Sensient Technologies Stock Performance

Shares of SXT traded down $0.51 during mid-day trading on Thursday, hitting $93.44. The stock had a trading volume of 131,154 shares, compared to its average volume of 211,425. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The firm has a market cap of $3.96 billion, a P/E ratio of 31.81 and a beta of 0.63. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $94.78. The business has a fifty day moving average price of $74.69 and a 200-day moving average price of $75.16.

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

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.64 dividend on an annualized basis and a yield of 1.76%. 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.