Rhumbline Advisers Decreases Stock Position in Sensient Technologies Co. (NYSE:SXT)

Rhumbline Advisers trimmed its position in shares of Sensient Technologies Co. (NYSE:SXT) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,609 shares of the specialty chemicals company’s stock after selling 230 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Sensient Technologies worth $8,595,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Sensient Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company’s stock valued at $270,000 after buying an additional 160 shares during the last quarter. US Bancorp DE grew its stake in Sensient Technologies by 6.1% during the 3rd quarter. US Bancorp DE now owns 6,355 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 366 shares in the last quarter. Inspire Investing LLC raised its holdings in Sensient Technologies by 9.1% in the 4th quarter. Inspire Investing LLC now owns 5,617 shares of the specialty chemicals company’s stock valued at $400,000 after acquiring an additional 470 shares during the last quarter. SG Americas Securities LLC lifted its stake in Sensient Technologies by 32.0% in the 4th quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock worth $159,000 after purchasing an additional 541 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Sensient Technologies by 37.0% during the 4th quarter. Blue Trust Inc. now owns 2,619 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 707 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sensient Technologies Trading Up 0.7 %

Shares of SXT stock opened at $69.69 on Tuesday. 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 twelve month low of $64.11 and a twelve month high of $82.99. The company’s 50-day moving average price is $73.07 and its 200-day moving average price is $75.50. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 23.70 and a beta of 0.77.

Sensient Technologies (NYSE:SXT) last posted its earnings results 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 company 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. As a group, 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 will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.35%. Sensient Technologies’s dividend payout ratio (DPR) is 55.78%.

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.