Sensient Technologies Corp. (NYSE:SXT) recently experienced a high level of trading volume on Friday, with 108,027 shares traded. Institutional investors and hedge funds have been increasing their holdings of the company recently. Sensient Technologies specializes in the manufacture of flavors, fragrances, and colors, and operates through three different segments. These include the Flavors and Fragrances Group, Color Group, and Asia Pacific Group. Within the Flavors and Fragrances segment, the company offers a range of products, including beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients. For those interested in staying up-to-date with the latest news and updates related to Sensient Technologies, they can subscribe to MarketBeat.com’s free daily email newsletter.
Sensient Technologies Co. (NYSE:SXT) experienced strong trading volume on Friday with 108,027 shares traded, marking a 37% decline from the previous session. According to analysts from StockNews.com, the company has been given a “hold” rating. Sensient Technologies has a 50-day moving average price of $74.98 and a 200-day moving average price of $73.50. The company’s current ratio is 3.43, quick ratio is 1.36, and debt-to-equity ratio is 0.63. With a market cap of $2.96 billion, the stock has a price-to-earnings ratio of 21.06 and a beta of 0.90.
Sensient Technologies recently released its quarterly earnings data on February 10th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.06. The business had a revenue of $348.70 million, which was slightly lower than the $352.42 million that analysts had predicted. Sensient Technologies had a return on equity of 14.35% and a net margin of 9.80%, and its quarterly revenue was up by 2.4% compared to the same quarter last year. In the previous year, the business posted $0.73 EPS.
In terms of institutional trading, Sensient Technologies declared a quarterly dividend on February 6th, which was paid on March 1st. Shareholders of record on February 7th were paid a $0.41 dividend, resulting in a $1.64 annualized dividend and a dividend yield of 2.33%. Sensient Technologies’s dividend payout ratio is 49.10%.
Sensient Technologies Corp. (NYSE:SXT) has seen a recent increase in the number of hedge funds and other institutional investors who have modified their holdings of the company. Norges Bank, for example, acquired a new stake in Sensient Technologies worth approximately $29,672,000 during the fourth quarter. Similarly, ProShare Advisors LLC grew its holdings in the company by 51.2% in the fourth quarter and now owns 628,498 shares worth $45,830,000. Meanwhile, Balyasny Asset Management LLC grew its holdings in Sensient Technologies by 97.9% in the third quarter and currently owns 326,368 shares valued at $22,630,000. Finally, First Trust Advisors LP grew its holdings in the company by 21.4% in the first quarter and now owns 768,621 shares valued at $64,526,000. In total, institutional investors and hedge funds own approximately 87.30% of Sensient Technologies’ stock.
Sensient Technologies specializes in the manufacture of flavors, fragrances, and colors. The company’s operations are divided into three segments: Flavors and Fragrances Group, Color Group, and Asia Pacific Group. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.
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