Koch Industries Inc. purchased a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,927 shares of the specialty chemicals company’s stock, valued at approximately $214,000.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sensient Technologies by 44.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 782 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Sensient Technologies during the 4th quarter worth approximately $208,000. Jane Street Group LLC bought a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $221,000. FDx Advisors Inc. bought a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $231,000. Finally, Oakbrook Investments LLC bought a new position in shares of Sensient Technologies during the 4th quarter worth approximately $234,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.
A number of equities analysts have issued reports on the company. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, February 12th. TheStreet cut Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Finally, Off Wall Street assumed coverage on Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Sensient Technologies has a consensus rating of “Hold” and an average price target of $90.77.
In other news, Director Gebhardt Deborah Mckeithan bought 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $72.10 per share, with a total value of $72,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hank Brown sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $71.78, for a total value of $143,560.00. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate insiders.
Sensient Technologies Co. (NYSE:SXT) opened at $71.66 on Friday. The company has a current ratio of 3.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Sensient Technologies Co. has a 12-month low of $65.60 and a 12-month high of $84.98. The firm has a market capitalization of $3,107.49, a P/E ratio of 35.30, a PEG ratio of 2.20 and a beta of 0.94.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%. The company had revenue of $328.87 million for the quarter. research analysts predict that Sensient Technologies Co. will post 3.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, February 5th. Sensient Technologies’s payout ratio is 65.02%.
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About Sensient Technologies
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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