Future Fund LLC increased its position in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) by 42.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,296 shares of the specialty chemicals company’s stock after acquiring an additional 6,679 shares during the quarter. Future Fund LLC owned about 0.05% of Sensient Technologies worth $2,095,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Sensient Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock worth $94,930,000 after acquiring an additional 4,123 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Sensient Technologies in the fourth quarter valued at approximately $183,000. Covestor Ltd lifted its stake in Sensient Technologies by 31.7% in the fourth quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 143 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Sensient Technologies by 15.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,339 shares of the specialty chemicals company’s stock valued at $408,000 after buying an additional 586 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Sensient Technologies by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 8,891 shares of the specialty chemicals company’s stock valued at $835,000 after buying an additional 445 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.
Sensient Technologies Price Performance
NYSE SXT opened at $113.97 on Friday. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. Sensient Technologies Corporation has a 12-month low of $82.60 and a 12-month high of $129.35. The company has a market capitalization of $4.85 billion, a PE ratio of 33.62 and a beta of 0.81. The firm’s 50 day moving average is $103.75 and its 200-day moving average is $97.99.
Sensient Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a $0.41 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.4%. Sensient Technologies’s dividend payout ratio (DPR) is 48.38%.
Insider Activity
In other news, VP Thierry Hoang sold 400 shares of Sensient Technologies stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the sale, the vice president directly owned 13,909 shares in the company, valued at $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.
Analyst Ratings Changes
SXT has been the topic of a number of research reports. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, UBS Group lifted their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.00.
Read Our Latest Research Report on SXT
Sensient Technologies Profile
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.
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