Mariner LLC Sells 685 Shares of Sensient Technologies Co. (NYSE:SXT)

Mariner LLC lessened its position in shares of Sensient Technologies Co. (NYSE:SXT) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,108 shares of the specialty chemicals company’s stock after selling 685 shares during the period. Mariner LLC’s holdings in Sensient Technologies were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies in the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its stake in Sensient Technologies by 18,766.7% in the 4th 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 purchased a new stake in shares of Sensient Technologies in the 4th quarter valued at about $65,000. Covestor Ltd boosted its position in shares of Sensient Technologies by 49.4% during the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 304 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 678 shares during the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Up 4.9 %

Shares of SXT opened at $94.49 on Wednesday. The firm has a market cap of $4.01 billion, a P/E ratio of 32.14 and a beta of 0.63. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $94.64. The stock has a 50 day simple moving average of $74.19 and a two-hundred day simple moving average of $75.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The company had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.64 annualized dividend and a yield of 1.74%. Sensient Technologies’s payout ratio is 54.30%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SXT. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd. Robert W. Baird raised their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday.

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.