AQR Capital Management LLC reduced its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 73,780 shares of the company’s stock after selling 961 shares during the period. AQR Capital Management LLC’s holdings in Sensient Technologies were worth $5,798,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in SXT. Algert Global LLC purchased a new position in Sensient Technologies during the third quarter valued at about $311,000. First National Bank of Omaha increased its stake in shares of Sensient Technologies by 12.5% in the third quarter. First National Bank of Omaha now owns 12,515 shares of the company’s stock valued at $949,000 after buying an additional 1,390 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Sensient Technologies by 2.0% in the third quarter. Capstone Asset Management Co. now owns 4,136 shares of the company’s stock valued at $314,000 after buying an additional 80 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Sensient Technologies by 18.7% in the third quarter. Private Trust Co. NA now owns 7,610 shares of the company’s stock valued at $576,000 after buying an additional 1,200 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its stake in shares of Sensient Technologies by 8.7% in the third quarter. 1st Global Advisors Inc. now owns 5,027 shares of the company’s stock valued at $381,000 after buying an additional 403 shares in the last quarter. 88.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sensient Technologies Co. (NYSE:SXT) opened at 81.72 on Monday. The firm’s 50-day moving average price is $78.76 and its 200 day moving average price is $76.84. The firm has a market capitalization of $3.63 billion, a P/E ratio of 29.03 and a beta of 0.92. Sensient Technologies Co. has a 12 month low of $61.53 and a 12 month high of $83.38.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, February 10th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Sensient Technologies had a net margin of 9.13% and a return on equity of 16.73%. Analysts anticipate that Sensient Technologies Co. will post $3.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. Sensient Technologies’s dividend payout ratio (DPR) is presently 42.70%.
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SXT has been the topic of several analyst reports. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. KeyCorp increased their price target on Sensient Technologies from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, January 23rd.
In other news, Director Hank Brown sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $79.28, for a total value of $158,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.87% of the stock is owned by insiders.
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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