Tidal Investments LLC Sells 6,219 Shares of Sensient Technologies Co. (NYSE:SXT)

Tidal Investments LLC lowered its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,145 shares of the specialty chemicals company's stock after selling 6,219 shares during the period. Tidal Investments LLC's holdings in Sensient Technologies were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SXT. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sensient Technologies in the 4th quarter valued at about $25,000. Jones Financial Companies Lllp raised its holdings in shares of 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 valued at $40,000 after acquiring an additional 563 shares in the last quarter. Quarry LP purchased a new stake in shares of Sensient Technologies in the 4th quarter valued at about $50,000. R Squared Ltd bought a new position in shares of Sensient Technologies during the 4th quarter valued at about $65,000. Finally, Covestor Ltd increased its position in shares of Sensient Technologies by 49.4% during the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

Sensient Technologies Price Performance

Shares of Sensient Technologies stock traded up $0.11 during trading on Friday, hitting $94.56. 264,336 shares of the stock traded hands, compared to its average volume of 222,704. 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 $4.01 billion, a price-to-earnings ratio of 32.16 and a beta of 0.58. The firm's fifty day moving average is $84.53 and its 200-day moving average is $77.62. 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 announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $387.70 million. During the same period in the prior year, the company earned $0.73 EPS. The company's revenue was up 2.0% on a year-over-year basis. Research analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.73%. Sensient Technologies's payout ratio is 54.30%.

Insider Buying and Selling

In related 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 transaction of $159,210.60. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SXT shares. Wall Street Zen lowered Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Robert W. Baird increased their price objective on Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research report 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.