Sensient Technologies Co. (NYSE:SXT) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 61.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,115 shares of the specialty chemicals company’s stock after selling 9,865 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Sensient Technologies were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SXT. Kohmann Bosshard Financial Services LLC acquired a new stake in Sensient Technologies during the 4th quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 563 shares during the period. R Squared Ltd purchased a new stake in Sensient Technologies in the fourth quarter valued at approximately $65,000. Smartleaf Asset Management LLC increased its holdings in Sensient Technologies by 152.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock worth $80,000 after buying an additional 678 shares during the period. Finally, KBC Group NV raised its position in Sensient Technologies by 77.3% during the 4th quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock worth $127,000 after buying an additional 779 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $73.59 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 quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.12 billion, a PE ratio of 25.03 and a beta of 0.71. The business has a 50-day simple moving average of $73.31 and a 200-day simple moving average of $75.12.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. On average, equities analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were issued a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%. Sensient Technologies’s payout ratio is 55.78%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.