Sensient Technologies Co. (NYSE:SXT) Stock Position Boosted by Olympiad Research LP

Olympiad Research LP boosted its stake in Sensient Technologies Co. (NYSE:SXT) by 22.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,806 shares of the specialty chemicals company’s stock after buying an additional 698 shares during the period. Olympiad Research LP’s holdings in Sensient Technologies were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SXT. Creative Planning boosted its position in shares of Sensient Technologies by 15.9% during the 3rd quarter. Creative Planning now owns 22,491 shares of the specialty chemicals company’s stock valued at $1,804,000 after purchasing an additional 3,081 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Sensient Technologies by 2,753.7% during the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 1,845 shares in the last quarter. US Bancorp DE boosted its position in shares of Sensient Technologies by 6.1% during the 3rd quarter. US Bancorp DE now owns 6,355 shares of the specialty chemicals company’s stock valued at $510,000 after purchasing an additional 366 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Sensient Technologies by 10.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,036 shares of the specialty chemicals company’s stock valued at $1,046,000 after purchasing an additional 1,253 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Sensient Technologies by 5.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,377 shares of the specialty chemicals company’s stock valued at $2,116,000 after purchasing an additional 1,332 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

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

Sensient Technologies Stock Performance

Shares of SXT opened at $69.27 on Monday. Sensient Technologies Co. has a one year low of $64.11 and a one year high of $82.99. The company has a 50-day moving average of $73.22 and a two-hundred day moving average of $75.51. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 23.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.

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

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 4th. Sensient Technologies’s payout ratio is 55.78%.

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.