IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 9,166 Shares of Sensient Technologies Corporation $SXT

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in Sensient Technologies Corporation (NYSE:SXT) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,894 shares of the specialty chemicals company’s stock after selling 9,166 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Sensient Technologies were worth $1,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SXT. CW Advisors LLC grew its holdings in Sensient Technologies by 15.4% in the 2nd quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock valued at $10,705,000 after buying an additional 14,498 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Sensient Technologies in the third quarter valued at about $5,497,000. Allworth Financial LP increased its position in Sensient Technologies by 38,785.2% during the second quarter. Allworth Financial LP now owns 20,998 shares of the specialty chemicals company’s stock worth $2,069,000 after acquiring an additional 20,944 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Sensient Technologies in the 3rd quarter worth about $671,000. Finally, Creative Planning grew its position in shares of Sensient Technologies by 45.1% during the 2nd quarter. Creative Planning now owns 30,044 shares of the specialty chemicals company’s stock worth $2,960,000 after purchasing an additional 9,335 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Stock Up 1.3%

Shares of SXT opened at $97.43 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.79 and a current ratio of 4.59. Sensient Technologies Corporation has a 52 week low of $67.61 and a 52 week high of $121.54. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 29.80 and a beta of 0.58. The stock has a fifty day moving average of $95.32 and a 200-day moving average of $100.13.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 3rd. Sensient Technologies’s payout ratio is 50.15%.

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, Director Essie Whitelaw sold 3,985 shares of Sensient Technologies stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $95.02, for a total transaction of $378,654.70. Following the transaction, the director directly owned 17,128 shares of the company’s stock, valued at approximately $1,627,502.56. The trade was a 18.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 29th. Zacks Research raised Sensient Technologies to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

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.