Sensient Technologies Co. (NYSE:SXT) Shares Purchased by Fmr LLC

Fmr LLC boosted its position in Sensient Technologies Co. (NYSE:SXT) by 124.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,223 shares of the specialty chemicals company’s stock after purchasing an additional 32,784 shares during the quarter. Fmr LLC owned about 0.14% of Sensient Technologies worth $4,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Sensient Technologies in the second quarter valued at about $29,000. nVerses Capital LLC acquired a new stake in Sensient Technologies in the 3rd quarter valued at about $72,000. Hantz Financial Services Inc. acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $129,000. Blue Trust Inc. lifted its stake in Sensient Technologies by 2,753.7% in the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sensient Technologies during the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Sensient Technologies Price Performance

Shares of SXT stock opened at $77.38 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The company has a market capitalization of $3.28 billion, a PE ratio of 37.02 and a beta of 0.76. The firm’s 50-day moving average is $77.75 and its two-hundred day moving average is $76.52. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. Analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.41 per share. The ex-dividend date was Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. Sensient Technologies’s payout ratio is currently 78.47%.

Insider Activity at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the sale, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

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.