Victory Capital Management Inc. Sells 7,309 Shares of Sensient Technologies Co. (NYSE:SXT)

Victory Capital Management Inc. trimmed its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,566 shares of the specialty chemicals company’s stock after selling 7,309 shares during the quarter. Victory Capital Management Inc. owned 0.32% of Sensient Technologies worth $9,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SXT. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies during the 4th quarter valued at about $25,000. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 563 shares in the last quarter. R Squared Ltd bought a new stake in shares of Sensient Technologies during the fourth quarter valued at approximately $65,000. Smartleaf Asset Management LLC raised its position in Sensient Technologies by 152.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock valued at $80,000 after purchasing an additional 678 shares in the last quarter. Finally, KBC Group NV raised its position in Sensient Technologies by 77.3% during the 4th quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 779 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Down 0.4 %

NYSE:SXT opened at $72.62 on Friday. The firm has a market cap of $3.08 billion, a P/E ratio of 24.70 and a beta of 0.71. Sensient Technologies Co. has a one year low of $66.14 and a one year high of $82.99. 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 firm has a 50-day simple moving average of $72.58 and a 200-day simple moving average of $75.31.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. Sensient Technologies’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were issued a $0.41 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.26%. Sensient Technologies’s dividend payout ratio is presently 55.78%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.