Congress Wealth Management LLC DE Cuts Stock Position in Sensient Technologies Co. (NYSE:SXT)

Congress Wealth Management LLC DE decreased its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 61.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,115 shares of the specialty chemicals company’s stock after selling 9,865 shares during the period. Congress Wealth Management LLC DE’s holdings in Sensient Technologies were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Sensient Technologies during the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its stake 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 in the last quarter. R Squared Ltd acquired a new position in shares of Sensient Technologies during the 4th quarter worth about $65,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $80,000 after buying an additional 678 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Sensient Technologies by 77.3% in 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. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Trading Up 0.3 %

Shares of SXT 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 stock has a market cap of $3.12 billion, a PE ratio of 25.03 and a beta of 0.71. The firm’s fifty day moving average is $73.31 and its two-hundred day moving average is $75.12. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $376.40 million for 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%. Sensient Technologies’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Research analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were given a dividend of $0.41 per share. 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%.

Analyst Ratings Changes

Separately, StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a report 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.