Freemont Capital Pte Ltd Makes New $449.29 Million Investment in Sensient Technologies Co. (NYSE:SXT)

Freemont Capital Pte Ltd bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,304,914 shares of the specialty chemicals company’s stock, valued at approximately $449,288,000. Sensient Technologies makes up about 9.5% of Freemont Capital Pte Ltd’s holdings, making the stock its 3rd biggest holding. Freemont Capital Pte Ltd owned 14.88% of Sensient Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Summit Investment Advisors Inc. lifted its holdings in Sensient Technologies by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company’s stock worth $314,000 after acquiring an additional 203 shares during the period. Versor Investments LP increased its position in shares of Sensient Technologies by 5.1% during the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock valued at $322,000 after purchasing an additional 221 shares during the last quarter. Xponance Inc. raised its stake in shares of Sensient Technologies by 9.5% during the 4th quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company’s stock worth $215,000 after purchasing an additional 261 shares during the period. Covestor Ltd boosted its holdings in shares of Sensient Technologies by 49.4% in the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 304 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Sensient Technologies by 5.1% during the fourth quarter. Bank of Montreal Can now owns 6,914 shares of the specialty chemicals company’s stock valued at $493,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 0.4 %

SXT stock opened at $95.72 on Friday. The stock has a fifty day moving average of $78.21 and a 200-day moving average of $75.95. Sensient Technologies Co. has a fifty-two week low of $66.15 and a fifty-two week high of $96.48. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 32.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The firm had revenue of $392.33 million during the quarter, compared to analyst estimates of $387.70 million. During the same quarter last year, the business earned $0.73 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Monday, May 12th. Sensient Technologies’s payout ratio is currently 54.30%.

Analyst Upgrades and Downgrades

Several analysts have commented on SXT shares. StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd. Robert W. Baird lifted their price target on shares of Sensient Technologies from $85.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, April 28th.

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.