United Services Automobile Association raised its position in Sensient Technologies Co. (NYSE:SXT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 214,388 shares of the specialty chemicals company’s stock after buying an additional 2,170 shares during the period. United Services Automobile Association owned about 0.51% of Sensient Technologies worth $11,974,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Sensient Technologies by 0.8% in the 4th quarter. BlackRock Inc. now owns 4,871,201 shares of the specialty chemicals company’s stock worth $272,056,000 after purchasing an additional 38,846 shares during the last quarter. Vanguard Group Inc. raised its stake in Sensient Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,273,291 shares of the specialty chemicals company’s stock worth $326,949,000 after buying an additional 42,038 shares during the period. Vanguard Group Inc raised its stake in Sensient Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 4,273,291 shares of the specialty chemicals company’s stock worth $326,949,000 after buying an additional 42,038 shares during the period. Janus Henderson Group PLC raised its stake in Sensient Technologies by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,045,926 shares of the specialty chemicals company’s stock worth $309,554,000 after buying an additional 230,708 shares during the period. Finally, Atlanta Capital Management Co. L L C raised its stake in Sensient Technologies by 169.0% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,045,995 shares of the specialty chemicals company’s stock worth $170,119,000 after buying an additional 1,913,638 shares during the period. Hedge funds and other institutional investors own 99.73% of the company’s stock.

Several brokerages recently commented on SXT. Seaport Global Securities began coverage on Sensient Technologies in a research note on Thursday, February 21st. They set a “buy” rating on the stock. TheStreet downgraded Sensient Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, December 18th. Exane BNP Paribas began coverage on Sensient Technologies in a research note on Friday, January 11th. They set an “outperform” rating and a $74.00 price objective on the stock. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, December 22nd. Finally, KeyCorp set a $65.00 price objective on Sensient Technologies and gave the stock a “buy” rating in a research note on Monday, January 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sensient Technologies currently has an average rating of “Buy” and an average target price of $74.60.

Shares of SXT traded up $0.33 during midday trading on Friday, hitting $66.38. The stock had a trading volume of 1,017 shares, compared to its average volume of 284,543. Sensient Technologies Co. has a twelve month low of $51.93 and a twelve month high of $78.40. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 18.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.83 and a quick ratio of 1.55.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, February 15th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Sensient Technologies had a return on equity of 18.00% and a net margin of 11.35%. The firm had revenue of $324.56 million for the quarter. During the same period in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Sensient Technologies Co. will post 3.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 4th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, February 1st. Sensient Technologies’s dividend payout ratio is 40.56%.

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Sensient Technologies Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

Further Reading: What is the Gross Domestic Product (GDP)?

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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