Quantinno Capital Management LP Acquires New Holdings in Sensient Technologies Co. (NYSE:SXT)

Quantinno Capital Management LP bought a new stake in Sensient Technologies Co. (NYSE:SXT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,876 shares of the specialty chemicals company's stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sensient Technologies in the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings 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 period. Quarry LP acquired a new position in Sensient Technologies during the fourth quarter worth about $50,000. R Squared Ltd acquired a new position in shares of Sensient Technologies in the 4th quarter worth $65,000. Finally, Covestor Ltd boosted its stake in Sensient Technologies by 49.4% in the 4th 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. Institutional investors and hedge funds own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SXT shares. Wall Street Zen downgraded Sensient Technologies from a "buy" rating to a "hold" rating in a research note 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 report on Monday, April 28th.

Insider Transactions at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,668 shares of the firm's stock in a transaction that occurred 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 transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Sensient Technologies Stock Up 0.1%

Shares of SXT traded up $0.11 during mid-day trading on Friday, hitting $94.56. 264,336 shares of the company's stock were exchanged, compared to its average volume of 222,407. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $98.27. The company has a market cap of $4.01 billion, a PE ratio of 32.16 and a beta of 0.58. 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 company has a 50-day simple moving average of $84.53 and a 200 day simple moving average of $77.60.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $392.33 million for 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, research analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, May 12th. Sensient Technologies's dividend payout ratio is presently 54.30%.

About Sensient Technologies

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.