Dynamic Technology Lab Private Ltd Invests $249,000 in Sensient Technologies Co. (NYSE:SXT)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sensient Technologies Co. (NYSE:SXT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,500 shares of the specialty chemicals company’s stock, valued at approximately $249,000.

Several other large investors also recently bought and sold shares of SXT. JPMorgan Chase & Co. lifted its stake in Sensient Technologies by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company’s stock valued at $8,017,000 after acquiring an additional 18,235 shares during the period. Principal Financial Group Inc. lifted its position in Sensient Technologies by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company’s stock valued at $15,385,000 after purchasing an additional 6,984 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Sensient Technologies by 34.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,449 shares of the specialty chemicals company’s stock worth $1,742,000 after purchasing an additional 6,247 shares during the last quarter. Barclays PLC grew its position in Sensient Technologies by 309.3% in the 3rd 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 during the period. Finally, Franklin Resources Inc. grew its position in Sensient Technologies by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 160 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Down 1.1 %

Sensient Technologies stock opened at $72.48 on Friday. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $82.99. The company has a market cap of $3.07 billion, a P/E ratio of 24.65 and a beta of 0.63. 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 business has a 50-day simple moving average of $72.79 and a two-hundred day simple moving average of $74.88.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (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 company had revenue of $376.40 million during the quarter, compared to analyst estimates of $375.10 million. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.26%. Sensient Technologies’s dividend payout ratio is currently 55.78%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

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.