Blue Trust Inc. Buys 707 Shares of Sensient Technologies Co. (NYSE:SXT)

Blue Trust Inc. lifted its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,619 shares of the specialty chemicals company’s stock after purchasing an additional 707 shares during the quarter. Blue Trust Inc.’s holdings in Sensient Technologies were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SXT. Quarry LP purchased a new stake in shares of Sensient Technologies in the second quarter worth about $29,000. nVerses Capital LLC bought a new stake in Sensient Technologies during the 3rd quarter worth approximately $72,000. SG Americas Securities LLC lifted its stake in Sensient Technologies by 32.0% in the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock worth $159,000 after purchasing an additional 541 shares in the last quarter. Paloma Partners Management Co bought a new position in Sensient Technologies in the 3rd quarter valued at $210,000. Finally, Stanley Laman Group Ltd. purchased a new position in shares of Sensient Technologies during the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Sensient Technologies Stock Up 1.2 %

Shares of NYSE SXT opened at $76.01 on Wednesday. The business has a 50-day moving average of $74.24 and a 200-day moving average of $75.79. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 36.37 and a beta of 0.77. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 4th. Sensient Technologies’s dividend payout ratio (DPR) is currently 78.47%.

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.