Quest Partners LLC Increases Stake in Sensient Technologies Co. (NYSE:SXT)

Quest Partners LLC raised its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 565.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,447 shares of the specialty chemicals company’s stock after purchasing an additional 34,367 shares during the quarter. Sensient Technologies makes up approximately 0.4% of Quest Partners LLC’s portfolio, making the stock its 12th largest holding. Quest Partners LLC owned 0.10% of Sensient Technologies worth $3,001,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SXT. TFO Wealth Partners LLC lifted its position in shares of Sensient Technologies by 44,075.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 1,763 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Sensient Technologies in the second quarter worth $129,000. SG Americas Securities LLC bought a new stake in Sensient Technologies during the first quarter valued at $203,000. Silvercrest Asset Management Group LLC purchased a new position in Sensient Technologies during the first quarter worth about $208,000. Finally, Janney Capital Management LLC bought a new position in Sensient Technologies in the 4th quarter worth about $209,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SXT. StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction of $142,160.00. Following the transaction, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

Sensient Technologies Price Performance

SXT opened at $74.09 on Monday. The company has a current ratio of 4.16, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.14 billion, a P/E ratio of 34.46 and a beta of 0.75. The stock has a 50-day moving average price of $75.57 and a 200-day moving average price of $73.08. Sensient Technologies Co. has a 12-month low of $52.90 and a 12-month high of $82.99.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $403.53 million during the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. Equities analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, August 5th. Sensient Technologies’s payout ratio is presently 76.28%.

Sensient Technologies Company 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.