Gotham Asset Management LLC grew its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 84.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,077 shares of the specialty chemicals company's stock after acquiring an additional 6,450 shares during the quarter. Gotham Asset Management LLC's holdings in Sensient Technologies were worth $1,003,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Freemont Capital Pte Ltd acquired a new stake in Sensient Technologies in the 4th quarter valued at approximately $449,288,000. D. E. Shaw & Co. Inc. boosted its position in shares of Sensient Technologies by 102.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 31,866 shares of the specialty chemicals company's stock worth $2,271,000 after buying an additional 16,151 shares during the period. Deutsche Bank AG grew its stake in shares of Sensient Technologies by 47.8% in the fourth quarter. Deutsche Bank AG now owns 37,227 shares of the specialty chemicals company's stock valued at $2,653,000 after buying an additional 12,039 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Sensient Technologies in the 4th quarter valued at $3,342,000. Finally, Centiva Capital LP raised its holdings in shares of Sensient Technologies by 67.4% in the 4th quarter. Centiva Capital LP now owns 10,368 shares of the specialty chemicals company's stock valued at $739,000 after buying an additional 4,175 shares during the period. Hedge funds and other institutional investors own 90.86% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. StockNews.com cut Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd. Robert W. Baird raised their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.
Check Out Our Latest Stock Report on SXT
Insider Buying and Selling
In related news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total value of $159,210.60. Following the completion of the sale, the director now directly owns 7,946 shares in the company, valued at approximately $758,445.70. This represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.
Sensient Technologies Stock Up 0.4%
Shares of NYSE:SXT traded up $0.35 during trading on Tuesday, hitting $94.80. The company's stock had a trading volume of 204,280 shares, compared to its average volume of 221,261. Sensient Technologies Co. has a fifty-two week low of $66.15 and a fifty-two week high of $98.27. The business has a 50 day moving average price of $81.19 and a two-hundred day moving average price of $76.75. 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 company has a market capitalization of $4.03 billion, a PE ratio of 32.24 and a beta of 0.58.
Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm had revenue of $392.33 million during the quarter, compared to analysts' expectations of $387.70 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.
Sensient Technologies Announces Dividend
The company also recently declared 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 1.73%. The ex-dividend date is Monday, May 12th. Sensient Technologies's dividend payout ratio is currently 54.30%.
Sensient Technologies Company Profile
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Free Report)
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.
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