Nebula Research & Development LLC Makes New Investment in Sensient Technologies Co. (NYSE:SXT)

Nebula Research & Development LLC acquired a new position in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,326 shares of the specialty chemicals company's stock, valued at approximately $308,000.

Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in Sensient Technologies during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp raised its holdings in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 563 shares during the period. R Squared Ltd bought a new position in Sensient Technologies in the fourth quarter worth approximately $65,000. Covestor Ltd grew its position in Sensient Technologies by 49.4% in 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 period. Finally, Smartleaf Asset Management LLC increased its position in shares of Sensient Technologies by 152.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock worth $80,000 after acquiring an additional 678 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SXT has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Robert W. Baird boosted their target price on Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.

Sensient Technologies Stock Performance

NYSE SXT traded up $0.30 during trading on Tuesday, hitting $93.91. 44,520 shares of the company's stock traded hands, compared to its average volume of 213,124. The business has a 50 day moving average of $76.11 and a 200-day moving average of $75.43. Sensient Technologies Co. has a 12-month low of $66.15 and a 12-month high of $94.79. 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 stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 31.96 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The business had revenue of $392.33 million for the quarter, compared to analysts' expectations of $387.70 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share 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. Shareholders of record on Monday, May 12th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.64 annualized dividend and a yield of 1.75%. Sensient Technologies's dividend payout ratio is currently 54.30%.

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.