Teacher Retirement System of Texas Acquires 16,510 Shares of Sensient Technologies Co. (NYSE:SXT)

Teacher Retirement System of Texas raised its holdings in Sensient Technologies Co. (NYSE:SXT) by 95.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,717 shares of the specialty chemicals company’s stock after purchasing an additional 16,510 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Sensient Technologies worth $2,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently 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 valued at about $25,000. Jones Financial Companies Lllp raised its stake in shares of Sensient Technologies by 18,766.7% in the fourth 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 acquired a new position in shares of Sensient Technologies during the fourth quarter worth approximately $65,000. Smartleaf Asset Management LLC grew its stake in shares of Sensient Technologies by 152.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock valued at $80,000 after purchasing an additional 678 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Sensient Technologies by 77.3% in the fourth quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 779 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $73.17 on Thursday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 24.89 and a beta of 0.71. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 1-year low of $66.15 and a 1-year high of $82.99. The business has a 50-day moving average price of $73.31 and a two-hundred day moving average price of $75.13.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $376.40 million for the quarter, compared to analyst estimates of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. Sensient Technologies’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. Equities analysts predict that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.24%. Sensient Technologies’s dividend payout ratio is presently 55.78%.

Wall Street Analysts Forecast Growth

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

About Sensient Technologies

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.