IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Holdings in Sensient Technologies Corporation $SXT

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,060 shares of the specialty chemicals company’s stock after selling 1,182 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.06% of Sensient Technologies worth $2,666,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SXT. Congress Asset Management Co. raised its position in shares of Sensient Technologies by 2.3% during the 2nd quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company’s stock valued at $67,657,000 after acquiring an additional 15,181 shares in the last quarter. Armistice Capital LLC boosted its holdings in Sensient Technologies by 57.1% in the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock worth $40,924,000 after purchasing an additional 199,827 shares during the period. Nuveen LLC acquired a new stake in shares of Sensient Technologies during the first quarter worth $24,434,000. Gamco Investors INC. ET AL raised its holdings in shares of Sensient Technologies by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 315,561 shares of the specialty chemicals company’s stock worth $23,487,000 after purchasing an additional 2,299 shares during the period. Finally, Robeco Schweiz AG raised its holdings in shares of Sensient Technologies by 48.7% during the first quarter. Robeco Schweiz AG now owns 235,372 shares of the specialty chemicals company’s stock worth $17,519,000 after purchasing an additional 77,043 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

SXT has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Sensient Technologies has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Sensient Technologies Stock Down 1.7%

SXT opened at $95.05 on Tuesday. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The stock has a market cap of $4.04 billion, a P/E ratio of 29.98 and a beta of 0.56. The stock’s 50 day moving average price is $102.35 and its 200 day moving average price is $100.09.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, research analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

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.