Sensient Technologies Co. (NYSE:SXT) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in Sensient Technologies Co. (NYSE:SXT) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,899 shares of the specialty chemicals company’s stock after selling 4,087 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Sensient Technologies were worth $2,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sensient Technologies during the 4th quarter worth about $25,000. Jones Financial Companies Lllp raised its stake in 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 acquired a new position in shares of Sensient Technologies in the 4th quarter valued at $65,000. Smartleaf Asset Management LLC grew its stake in shares of Sensient Technologies by 152.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock valued at $80,000 after buying an additional 678 shares during the period. Finally, KBC Group NV increased its holdings in shares of 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. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Down 0.2 %

SXT opened at $73.17 on Thursday. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $82.99. The firm has a 50 day moving average price of $73.31 and a 200 day moving average price of $75.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. The company has a market cap of $3.10 billion, a PE ratio of 24.89 and a beta of 0.71.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $376.40 million during the quarter, compared to analyst estimates of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts expect that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.24%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies’s dividend payout ratio (DPR) is presently 55.78%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 22nd.

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.