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

Sherbrooke Park Advisers LLC acquired 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 and Exchange Commission. The institutional investor acquired 3,307 shares of the specialty chemicals company's stock, valued at approximately $236,000.

Other hedge funds also recently bought and sold shares of the company. Freemont Capital Pte Ltd bought a new position in shares of Sensient Technologies during the 4th quarter worth $449,288,000. Norges Bank bought a new position in shares of Sensient Technologies during the 4th quarter worth $45,757,000. Marshall Wace LLP bought a new position in shares of Sensient Technologies during the 4th quarter worth $24,490,000. Wealthfront Advisers LLC bought a new position in shares of Sensient Technologies during the 4th quarter worth $7,270,000. Finally, JPMorgan Chase & Co. grew its position in shares of Sensient Technologies by 100.9% during the 4th quarter. JPMorgan Chase & Co. now owns 200,726 shares of the specialty chemicals company's stock worth $14,304,000 after buying an additional 100,788 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Stock Up 0.1%

Shares of NYSE SXT traded up $0.10 during mid-day trading on Friday, reaching $93.91. 193,866 shares of the company were exchanged, compared to its average volume of 222,204. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 31.94 and a beta of 0.58. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $98.27. The firm has a 50-day moving average of $82.43 and a 200 day moving average of $77.07.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.93% and a net margin of 8.01%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, research analysts expect that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently disclosed 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 dividend yield of 1.75%. The ex-dividend date is Monday, May 12th. Sensient Technologies's dividend payout ratio (DPR) is currently 54.30%.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the 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 completion of the sale, the director now directly owns 7,946 shares in the company, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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