Svenska Handelsbanken AB publ held its stake in shares of Sensient Technologies Co. (NYSE:SXT) during the first quarter, Holdings Channel reports. The institutional investor owned 12,000 shares of the specialty chemicals company’s stock at the end of the first quarter. Sensient Technologies accounts for 1.3% of Svenska Handelsbanken AB publ’s portfolio, making the stock its 28th largest position. Svenska Handelsbanken AB publ’s holdings in Sensient Technologies were worth $951,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Sensient Technologies during the fourth quarter valued at approximately $28,068,000. Thrivent Financial for Lutherans increased its position in shares of Sensient Technologies by 295.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 278,750 shares of the specialty chemicals company’s stock valued at $21,904,000 after buying an additional 208,330 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Sensient Technologies by 35.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 608,132 shares of the specialty chemicals company’s stock valued at $47,787,000 after buying an additional 159,729 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Sensient Technologies during the third quarter valued at about $9,717,000. Finally, Castleark Management LLC acquired a new position in shares of Sensient Technologies during the fourth quarter valued at about $7,197,000. 88.99% of the stock is currently owned by institutional investors.
Shares of Sensient Technologies Co. (NYSE:SXT) traded up 0.67% during trading on Wednesday, reaching $80.76. The company’s stock had a trading volume of 15,009 shares. The company has a market cap of $3.57 billion, a PE ratio of 33.28 and a beta of 0.92. Sensient Technologies Co. has a 52-week low of $67.38 and a 52-week high of $84.55. The firm’s 50-day moving average is $80.56 and its 200 day moving average is $78.96.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Tuesday, April 25th. The specialty chemicals company reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. Sensient Technologies had a return on equity of 16.73% and a net margin of 9.13%. The firm had revenue of $341.40 million during the quarter. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, equities research analysts predict that Sensient Technologies Co. will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Sensient Technologies’s dividend payout ratio is presently 42.70%.
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Separately, Zacks Investment Research upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, May 2nd.
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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