Wilmington Savings Fund Society FSB Sells 4,720 Shares of Sensient Technologies Co. (NYSE:SXT)

Wilmington Savings Fund Society FSB reduced its holdings in Sensient Technologies Co. (NYSE:SXT) by 54.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,887 shares of the specialty chemicals company’s stock after selling 4,720 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Sensient Technologies were worth $277,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its holdings 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 valued at $135,902,000 after acquiring an additional 60,622 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sensient Technologies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 961,455 shares of the specialty chemicals company’s stock valued at $77,143,000 after purchasing an additional 15,868 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Sensient Technologies by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after buying an additional 7,235 shares during the period. JPMorgan Chase & Co. raised its stake in Sensient Technologies by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company’s stock worth $8,017,000 after buying an additional 18,235 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Sensient Technologies by 2.3% in the third quarter. Eagle Asset Management Inc. now owns 86,390 shares of the specialty chemicals company’s stock worth $6,874,000 after buying an additional 1,909 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $76.91 on Wednesday. Sensient Technologies Co. has a 12 month low of $60.17 and a 12 month high of $82.99. The firm has a market capitalization of $3.26 billion, a P/E ratio of 36.80 and a beta of 0.77. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $74.13 and a two-hundred day simple moving average of $75.66.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 4th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, February 4th. Sensient Technologies’s payout ratio is currently 78.47%.

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.