Brandes Investment Partners LP Increases Position in Sensient Technologies Co. (NYSE:SXT)

Brandes Investment Partners LP raised its position in shares of Sensient Technologies Co. (NYSE:SXT) by 34.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,536 shares of the specialty chemicals company’s stock after buying an additional 3,718 shares during the period. Brandes Investment Partners LP’s holdings in Sensient Technologies were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SXT. Vanguard Group Inc. boosted its holdings in Sensient Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,389,711 shares of the specialty chemicals company’s stock valued at $355,721,000 after acquiring an additional 64,683 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sensient Technologies by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after purchasing an additional 39,290 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock valued at $40,211,000 after purchasing an additional 27,967 shares in the last quarter. SG Capital Management LLC increased its stake in Sensient Technologies by 182.3% during the 1st quarter. SG Capital Management LLC now owns 280,176 shares of the specialty chemicals company’s stock worth $19,385,000 after buying an additional 180,933 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sensient Technologies by 2.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock worth $15,304,000 after buying an additional 5,400 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the transaction, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Robert W. Baird boosted their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

Sensient Technologies Stock Up 0.7 %

Shares of NYSE:SXT opened at $80.22 on Tuesday. Sensient Technologies Co. has a fifty-two week low of $52.90 and a fifty-two week high of $82.99. The firm’s 50 day moving average price is $75.59 and its 200 day moving average price is $74.18. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 37.31 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $403.53 million during the quarter. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. As a group, equities research analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a $0.41 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.04%. Sensient Technologies’s payout ratio is currently 76.28%.

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.