R Squared Ltd Makes New Investment in Sensient Technologies Co. (NYSE:SXT)

R Squared Ltd acquired a new stake in Sensient Technologies Co. (NYSE:SXT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 910 shares of the specialty chemicals company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. KBC Group NV raised its position in Sensient Technologies by 77.3% in the fourth quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 779 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Sensient Technologies by 37.0% in the 4th quarter. Blue Trust Inc. now owns 2,619 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 707 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Sensient Technologies by 23.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,265 shares of the specialty chemicals company’s stock worth $731,000 after buying an additional 1,923 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Sensient Technologies by 9.1% during the 4th quarter. Inspire Investing LLC now owns 5,617 shares of the specialty chemicals company’s stock worth $400,000 after buying an additional 470 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Sensient Technologies by 32.0% in the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 541 shares in the last quarter. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Price Performance

Shares of Sensient Technologies stock opened at $75.51 on Friday. Sensient Technologies Co. has a 1-year low of $55.02 and a 1-year high of $82.99. The firm’s 50-day moving average price is $74.36 and its two-hundred day moving average price is $75.91. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 36.13 and a beta of 0.77.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 4th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.17%. Sensient Technologies’s dividend payout ratio is 78.47%.

Insiders Place Their Bets

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the completion of the transaction, the insider now directly owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

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.