JPMorgan Chase & Co. Buys 100,788 Shares of Sensient Technologies Co. (NYSE:SXT)

JPMorgan Chase & Co. increased its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 100.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,726 shares of the specialty chemicals company’s stock after buying an additional 100,788 shares during the period. JPMorgan Chase & Co.’s holdings in Sensient Technologies were worth $14,304,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SXT. Franklin Resources Inc. increased its stake in shares of Sensient Technologies by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 160 shares during the last quarter. Versor Investments LP increased its position in Sensient Technologies by 5.1% in the fourth quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock worth $322,000 after buying an additional 221 shares during the last quarter. Xponance Inc. raised its stake in shares of Sensient Technologies by 9.5% in the fourth quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company’s stock valued at $215,000 after buying an additional 261 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sensient Technologies during the 4th quarter valued at $25,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Sensient Technologies by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,912 shares of the specialty chemicals company’s stock worth $493,000 after acquiring an additional 374 shares during the period. Institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

Sensient Technologies Stock Up 1.8 %

SXT opened at $74.00 on Friday. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The company has a market cap of $3.14 billion, a PE ratio of 25.17 and a beta of 0.63. 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 company has a 50 day moving average of $72.75 and a 200 day moving average of $74.85.

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

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies’s payout ratio is 55.78%.

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.