Bank of Montreal Can Has $493,000 Holdings in Sensient Technologies Co. (NYSE:SXT)

Bank of Montreal Can boosted its position in shares of Sensient Technologies Co. (NYSE:SXT) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,914 shares of the specialty chemicals company’s stock after acquiring an additional 338 shares during the period. Bank of Montreal Can’s holdings in Sensient Technologies were worth $493,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SXT. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies during the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its stake in shares of Sensient Technologies by 18,766.7% in the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 563 shares during the last quarter. R Squared Ltd bought a new position in Sensient Technologies during the fourth quarter worth $65,000. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 678 shares during 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 valued at $127,000 after purchasing an additional 779 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Performance

SXT opened at $74.78 on Tuesday. The stock’s 50 day simple moving average is $72.54 and its 200-day simple moving average is $74.65. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.17 billion, a PE ratio of 25.44 and a beta of 0.63. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $82.99.

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

Wall Street Analyst Weigh In

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

Sensient Technologies Company 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.