Sensient Technologies Co. (NYSE:SXT) Stake Increased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 47.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,227 shares of the specialty chemicals company's stock after buying an additional 12,039 shares during the quarter. Deutsche Bank AG owned about 0.09% of Sensient Technologies worth $2,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sensient Technologies during the 4th quarter worth about $25,000. Jones Financial Companies Lllp increased its stake in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 563 shares during the period. Quarry LP bought a new stake in Sensient Technologies during the fourth quarter worth approximately $50,000. R Squared Ltd bought a new stake in Sensient Technologies during the fourth quarter worth approximately $65,000. Finally, Covestor Ltd lifted its position in Sensient Technologies by 49.4% in the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock worth $66,000 after purchasing an additional 304 shares during the period. 90.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the completion of the transaction, the director now directly owns 7,946 shares in the company, valued at $758,445.70. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Sensient Technologies Price Performance

Shares of NYSE:SXT traded up $1.29 during trading hours on Tuesday, hitting $95.23. 173,680 shares of the company's stock traded hands, compared to its average volume of 222,010. The company's fifty day simple moving average is $83.25 and its two-hundred day simple moving average is $77.29. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 32.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $98.27.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $392.33 million during the quarter, compared to analysts' expectations of $387.70 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, May 12th. Sensient Technologies's payout ratio is 54.30%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SXT shares. Wall Street Zen cut Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Robert W. Baird raised their target price on Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.

Sensient Technologies 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.