Sensient Technologies Co. (NYSE:SXT) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in Sensient Technologies Co. (NYSE:SXT) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,443 shares of the specialty chemicals company’s stock after selling 1,753 shares during the period. Corebridge Financial Inc. owned 0.05% of Sensient Technologies worth $1,599,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SXT. Cerity Partners LLC boosted its stake in Sensient Technologies by 24.2% in the 3rd quarter. Cerity Partners LLC now owns 7,841 shares of the specialty chemicals company’s stock worth $629,000 after buying an additional 1,528 shares during the last quarter. FMR LLC boosted its position in shares of Sensient Technologies by 124.0% in the third quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company’s stock worth $4,751,000 after acquiring an additional 32,784 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Sensient Technologies in the third quarter valued at approximately $342,000. BNP Paribas Financial Markets increased its position in Sensient Technologies by 28.7% during the third quarter. BNP Paribas Financial Markets now owns 21,534 shares of the specialty chemicals company’s stock worth $1,727,000 after purchasing an additional 4,804 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sensient Technologies by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,626 shares of the specialty chemicals company’s stock worth $6,628,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $75.72 on Thursday. The firm has a market capitalization of $3.21 billion, a PE ratio of 25.76 and a beta of 0.71. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The business has a 50-day moving average of $73.32 and a two-hundred day moving average of $75.14.

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

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 annualized dividend and a yield of 2.17%. Sensient Technologies’s dividend payout ratio is currently 55.78%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note 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.