Sherbrooke Park Advisers LLC Takes $236,000 Position in Sensient Technologies Co. (NYSE:SXT)

Sherbrooke Park Advisers LLC bought a new stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,307 shares of the specialty chemicals company's stock, valued at approximately $236,000.

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

Sensient Technologies Price Performance

Shares of NYSE SXT traded down $0.38 during mid-day trading on Thursday, reaching $93.86. The company's stock had a trading volume of 184,506 shares, compared to its average volume of 221,441. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $98.27. The stock has a fifty day moving average of $82.03 and a two-hundred day moving average of $77.00. The firm has a market capitalization of $3.98 billion, a PE ratio of 31.92 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly 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 business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $387.70 million. During the same period in the prior year, the company posted $0.73 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side 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 given 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 dividend yield of 1.75%. Sensient Technologies's dividend payout ratio is 54.30%.

Insider Activity at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,668 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $95.45, for a total value of $159,210.60. Following the sale, the director now directly owns 7,946 shares in the company, valued at approximately $758,445.70. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd.

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.