Proficio Capital Partners LLC Takes Position in Sensient Technologies Co. (NYSE:SXT)

Proficio Capital Partners LLC acquired a new position in Sensient Technologies Co. (NYSE:SXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,034 shares of the specialty chemicals company’s stock, valued at approximately $1,143,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SXT. State Street Corp grew its stake in Sensient Technologies by 3.7% in the third quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock worth $135,902,000 after purchasing an additional 60,622 shares in the last quarter. Barclays PLC grew its stake in Sensient Technologies by 309.3% in the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock worth $6,197,000 after purchasing an additional 58,386 shares in the last quarter. Robeco Schweiz AG grew its stake in Sensient Technologies by 34.9% in the fourth quarter. Robeco Schweiz AG now owns 158,329 shares of the specialty chemicals company’s stock worth $11,283,000 after purchasing an additional 40,989 shares in the last quarter. FMR LLC grew its stake in 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 purchasing an additional 32,784 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Sensient Technologies by 88.4% in the third quarter. Citigroup Inc. now owns 55,880 shares of the specialty chemicals company’s stock worth $4,483,000 after purchasing an additional 26,219 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 2.6 %

Sensient Technologies stock opened at $73.17 on Friday. The business has a fifty day moving average of $72.43 and a two-hundred day moving average of $75.32. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.10 billion, a P/E ratio of 24.89 and a beta of 0.71. Sensient Technologies Co. has a twelve month low of $66.14 and a twelve month high of $82.99.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share 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 analyst estimates of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.24%. Sensient Technologies’s dividend payout ratio is presently 55.78%.

Wall Street Analyst Weigh In

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

About Sensient Technologies

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.