Tudor Investment Corp ET AL bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 44,138 shares of the specialty chemicals company’s stock, valued at approximately $4,142,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXT. State of Wyoming purchased a new stake in shares of Sensient Technologies in the third quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Sensient Technologies by 181.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 306 shares in the last quarter. Danske Bank A S purchased a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $47,000. Quarry LP acquired a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Sensient Technologies by 34,450.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 691 shares of the specialty chemicals company’s stock worth $65,000 after purchasing an additional 689 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.
Sensient Technologies Price Performance
Sensient Technologies stock opened at $86.80 on Thursday. The stock has a market capitalization of $3.69 billion, a P/E ratio of 27.47 and a beta of 0.55. Sensient Technologies Corporation has a 12-month low of $67.79 and a 12-month high of $121.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.10 and a quick ratio of 1.53. The firm’s 50-day moving average is $93.80 and its two-hundred day moving average is $95.19.
Sensient Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 3rd were issued a $0.41 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $1.64 annualized dividend and a yield of 1.9%. Sensient Technologies’s payout ratio is 51.90%.
Wall Street Analyst Weigh In
SXT has been the topic of a number of analyst reports. Zacks Research cut Sensient Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sensient Technologies presently has an average rating of “Hold” and a consensus target price of $110.00.
View Our Latest Stock Analysis 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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