State of Alaska Department of Revenue Reduces Stake in Sensient Technologies Co. (NYSE:SXT)

State of Alaska Department of Revenue reduced its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,038 shares of the specialty chemicals company’s stock after selling 144 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sensient Technologies worth $1,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. R Squared Ltd bought a new position in Sensient Technologies in the 4th quarter worth $65,000. nVerses Capital LLC bought a new position in shares of Sensient Technologies in the third quarter worth about $72,000. KBC Group NV grew its position in shares of Sensient Technologies by 77.3% during the fourth quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 779 shares in the last quarter. Blue Trust Inc. grew its position in shares of Sensient Technologies by 2,753.7% during the third quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 1,845 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Sensient Technologies by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock valued at $159,000 after purchasing an additional 541 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

NYSE SXT opened at $76.91 on Wednesday. The business’s 50 day moving average price is $74.13 and its 200-day moving average price is $75.66. Sensient Technologies Co. has a fifty-two week low of $60.17 and a fifty-two week high of $82.99. The company has a market cap of $3.26 billion, a P/E ratio of 36.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74.

Sensient Technologies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, February 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Analysts Set New Price Targets

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